Capital Allowances Act 2001

498 Merger of leasehold interestU.K.
This section has no associated Explanatory Notes

If the relevant interest is a leasehold interest which is extinguished on—

(a)being surrendered, or

(b)the person entitled to it acquiring the interest which is reversionary on it,

the interest into which the leasehold interest merges becomes the relevant interest when the leasehold interest is extinguished.