Corporation Tax Act 2010 section 853

Relief for rent under new lease

Section 853 confirms that normal corporation tax relief rules for rent deductions and allowances apply to rent payable under a new lease, including where corresponding income tax provisions are in effect.

• The section applies where rent under a new lease is payable by a company within the charge to corporation tax.
• It also applies where the corresponding income tax rules in Chapter 2 of Part 12A of the Income Tax Act 2007 are in effect and the rent is payable by a company within the corporation tax charge.
• Any existing statutory provisions allowing deductions or allowances for corporation tax relief on rent payments apply equally to rent under the new lease.
• Where the income tax provisions apply, the terms "new lease" and "rent" take their meaning from those income tax rules.