Corporation Tax Act 2009 section 277

Charge to tax on rent receivable for a UK electric-line wayleave

Section 277 establishes that rent received for granting a UK electric-line wayleave is subject to corporation tax as income.

• Rent received for UK electric-line wayleaves is chargeable to corporation tax as income.
• An electric-line wayleave is a right granted to an electricity company to install and maintain power lines across a landowner's property.
• The charge applies specifically to wayleaves situated in the UK.
• This provision ensures that wayleave rental income is brought within the corporation tax net rather than falling outside the scope of taxation.