[F1288 Effect of creation of subordinate interestU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)An interest does not cease to be the relevant interest merely because of the creation of a lease or other interest to which that interest is subject.
(2)This is subject to any election under section 290.]
Textual Amendments
F1Pt. 3 omitted (with effect in relation to chargeable periods beginning on or after 1.4.2011 for corporation tax purposes and 6.4.2011 for income tax purposes in accordance with ss. 84(1)(3)(4), 85, 86 of the amending Act) by virtue of Finance Act 2008 (c. 9), s. 84(2) (with Sch. 27)