BIM46250 - Specific deductions: premiums: contents

This chapter deals with the deductions which can be made in calculating the profits of a trade where a premium is paid for a lease of no more than 50 years and the land subject to the lease is used by the tenant in connection with a trade.

For guidance on reverse premiums, see BIM41050 onwards.

The guidance is arranged as follows:

1. BIM46251

   Introduction
2. BIM46255

   Calculation of revenue expense
3. BIM46260

   Artificial leasing transactions
4. BIM46265

   Assignment of lease
5. BIM46270

   Tied premises
6. BIM46275

   Falkirk & Lennard cases
7. BIM46280

   Prevention of double allowance
8. BIM46285

   Office procedure