Part 4 U.K. Property income

Chapter 4 U.K. Profits of property businesses: lease premiums etc

Modifications etc. (not altering text)

C1 Pt. 4 Ch. 4 applied by 2010 c. 8, s. 436(8) (as inserted (with effect in accordance with Sch. 5 para. 25(1)-(3) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 1 (with Sch. 5 paras. 27, 32-34))

Introduction U.K.

216 Meaning of “short-term lease” U.K.

In this Chapter “short-term lease” means a lease whose effective duration is 50 years or less.