64 Restrictions on section 61 expenses: lease premium receipts
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

64  Restrictions on section 61 expenses: lease premium receipts

[(1)     This section applies if a lease has been granted out of the taxed lease and—

(a)     in calculating the amount of a receipt of a property business under Chapter 4 of Part 3 (profits of property businesses: lease premiums etc) in respect of the lease, there is a reduction under section 288 (the additional calculation rule) by reference to the taxed receipt, or

(b)     in calculating the amount of a receipt of a property business under Chapter 4 of Part 4 of CTA 2009 (profits of a property business: lease premiums etc) in respect

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