[F1270DEMerger of leasehold interestU.K.
This section has no associated Explanatory Notes
(1)Subsection (2) applies if the relevant interest is a leasehold interest which is extinguished on the person entitled to the interest acquiring the interest which is reversionary on it.
(2)The interest into which the leasehold interest merges becomes the relevant interest when the leasehold interest is extinguished.]
Textual Amendments
F1Pt. 2A inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 2