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Legislation
Corporation Tax Act 2010

Crossheading New lease treated as ending

  • Section 854 New lease treated as ending
  • Section 855 Position where rent reduces
  • Section 856 Position where lease may be ended
  • Section 857 Position where lease may be varied
  • Section 858 Lease treated as ending: rentcharge
  1. New lease treated as ending
  2. Position where lease may be varied

Section 857 | Position where lease may be varied

From legislation.gov.uk

(1)This section applies if under the new lease L, or a person linked to L, has power to vary, in a manner beneficial to L or a person linked to L, obligations under the lease that are obligations of L or a person linked to L.

(2)The term of the lease must be treated as ending on the earliest date with effect from which L, or a person linked to L, could vary the obligations by exercising the power.

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