Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Capital Allowances Act 2001 section 290
Election to treat grant of lease exceeding 50 years as sale
Section 290 allows a lessor and lessee to jointly elect that the grant of a long lease (over 50 years) on a building is treated as a sale of the relevant interest, so that the lessee rather than the lessor becomes entitled to capital allowances.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.