Part 3Property income

Chapter 9Rent receivable for UK electric-line wayleaves

Charge to tax on rent receivable for UK electric-line wayleaves

345Meaning of “rent receivable for a UK electric-line wayleave”

1

For the purposes of this Chapter rent is receivable for a UK electric-line wayleave if—

a

it is receivable in respect of an easement, servitude or right in or over land in the United Kingdom, and

b

the easement, servitude or right is enjoyed in connection with an electric, telegraph or telephone wire or cable.

2

The reference to the enjoyment of an easement, servitude or right in connection with an electric, telegraph or telephone wire or cable includes (in particular) its enjoyment in connection with—

a

a pole or pylon supporting such a wire or cable, or

b

apparatus used in connection with such a wire or cable.

3

In this Chapter “rent” includes—

a

a receipt mentioned in section 266(3), and

b

any other receipt in the nature of rent.