Part 4Property income

Chapter 4Profits of property businesses: lease premiums etc

Certain administrative provisions

237Statement of accuracy for purposes of section 222

1

This section applies if any of the persons mentioned in subsection (3) provides an officer of Revenue and Customs with a statement showing—

a

whether or not there is, or may be, a receipt under section 222 (assignments for profit of lease granted at undervalue), and

b

the amount of any receipt.

2

The officer must certify the accuracy of the statement, if satisfied as to its accuracy.

3

The persons referred to in subsection (1) are—

a

the landlord who granted the lease,

b

a company which assigned it, or

c

a person to whom it was assigned.