296 Corporation tax receipts treated as taxed receipts
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

Relationship with ICTA

296  Corporation tax receipts treated as taxed receipts

(1)     This section applies if in respect of a lease—

(a)     there is a receipt of a Schedule A business or an overseas property business (within the meaning of section 70A(4) of ICTA) as a result of section 34 or 35 of ICTA (treatment of premiums etc as rent and assignments for profit of lease granted at an undervalue) for an accounting period ending after 5th April 2005 [but before 1st April 2009], or

(b)     there would be such

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