(1)In section 15(1) of the Taxes Act 1988 (Schedule A) the following paragraph shall be substituted for paragraph 4—
in a case where—
(a)a sum (whether rent or otherwise) is payable in respect of the use of premises (whether under a lease or otherwise),
(b)the tenant or other person entitled to the use of the premises is entitled to the use of furniture, and
(c)tax in respect of the payment for the use of the furniture is chargeable under Case VI of Schedule D,
tax in respect of the sum mentioned in sub-paragraph (a) above shall be charged under that Case instead of under this Schedule unless the person entitled to that sum elects that this paragraph shall not apply.”
(2)This section shall apply in relation to chargeable periods beginning on or after 6th April 1992.