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Finance Act 2003

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Changes over time for: Cross Heading: Net present value of rent payable over term of lease

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No versions valid at: 10/04/2003

Status:

Point in time view as at 10/04/2003. This version of this cross heading contains provisions that are not valid for this point in time. Help about Status

Changes to legislation:

Finance Act 2003, Cross Heading: Net present value of rent payable over term of lease is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Yn ddilys o 10/07/2003

Net present value of rent payable over term of leaseU.K.

3U.K.The net present value (v) of the rent payable over the term of a lease is calculated by applying the formula:

where—

  • ri is the rent payable (see paragraphs 4 and 5) in year i,

  • i is the first, second, third, etc year of the term,

  • n is the term of the lease (see paragraphs 6 and 7), and

  • T is the temporal discount rate (see paragraph 8).

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