BLM01020 - Introduction: anti-avoidance rules: sale and leaseback of land

ICTA88/S779 and ICTA88/S780 counter certain avoidance devices based on arrangements for the sale and leaseback of land or any interest in land:

• ICTA88/S779 limits the rent payable to a commercial rent, and
• ICTA88/S780 deals with the situation where a lessee incurs additional rental liability for a comparatively short period in return for the payment of a lump sum.

Guidance is at BIM61300 onwards.