[F1681ALLease and rentU.K.
(1)This section applies for the purposes of this Chapter.
(2)A reference to a lease includes a reference to any of the following—
(a)an underlease, sublease, tenancy or licence, and
(b)an agreement for a lease, underlease, sublease, tenancy or licence, and
(c)in the case of land outside the United Kingdom, an interest corresponding to a lease (as defined here).
(3)A reference to rent includes a reference to any payment under a lease.
(4)A reference to rent under a lease includes a reference to expenses which the tenant under the lease is treated as incurring in respect of the land subject to the lease under any of—
(a)sections 61 to 67 of ITTOIA 2005 (land occupied for trade purposes), and
(b)sections 292 to 297 of that Act (taxed leases).
(5)Expenses within subsection (4) must be treated as having been paid as soon as they were incurred.]
Textual Amendments
F1Pt. 12A inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 4 para. 2 (with Sch. 9 paras. 1-9, 22)