Rights to receive ground rents, perpetual chief rents etc,
created by a trader should be dealt with, in the computation of
profits and losses, in accordance with
BIM51535 onwards following the cases of
CIR v John Emery & Sons [1936] 20TC213, and
B G Utting & Co Ltd v Hughes [1940] 23TC174.
The guidance on ground rents is arranged as follows
| BIM51535 | Stock-in-trade |
| BIM51540 | Reversionary interest |
| BIM51545 | Improved ground rents |
| BIM51550 | Reports to CT&VAT (Technical) |
