This guidance listed below is primarily concerned with
reverse premiums receivable on or after 9 March 1999. The tax
treatment of these premiums is determined by legislation in
Guidance on premiums receivable before 9 March 1999 is in BIM41145.
A
landlord is a person who grants a lease, and may
also be known as a
lessor.
A
tenant is a person who takes a lease, and may also
be known as a
lessee.
A lease is
granted when the owner of an interest in land
gives someone else the right to occupy it for a fixed term. When
the term comes to an end, the right granted reverts to the
landlord. As long as the lease continues, the landlord's rights are
called
the reversion, or
the reversionary interest.
A lease is
assigned when an existing tenant disposes of his
right to occupy for the remaining term of the lease to a new
tenant.
| BIM41051 | The commercial background |
| BIM41055 | Overview of the legislation |
| BIM41060 | Tax treatment of the payer |
| BIM41065 | Commencement |
| BIM41070 | Meaning of ‘reverse premium’ |
| BIM41075 | Meaning of ‘payment or other benefit’ |
| BIM41080 | Inducements which are not ‘reverse premiums’ |
| BIM41085 | Fitting out costs |
| BIM41090 | Contributions to fitting out costs on assets qualifying for capital allowances |
| BIM41095 | Meaning of a ‘relevant transaction’ and ‘property transaction’ |
| BIM41100 | Person providing the inducement |
| BIM41105 | Conveyance of a freehold |
| BIM41110 | Assignment of a lease |
| BIM41115 | Person chargeable |
| BIM41120 | Type of income |
| BIM41125 | Timing of the charge: the normal case |
| BIM41130 | Timing of the charge: the avoidance case: how to recognise it |
| BIM41135 | Timing of the charge: the avoidance case: when to impose the charge |
| BIM41140 | Specific exclusions not chargeable |
| BIM41145 | Receivable before 9 March 1999 |
