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
Income Tax Act 2007 section 681BB
Taxation of consideration
Section 681BB determines how the consideration received by a lessee (L) on assigning or surrendering an existing lease — where a new lease is granted back — is taxed as income rather than treated as a capital receipt.
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.