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 (Trading and Other Income) Act 2005 section 158
Lease premiums etc: reduction of receipts
Section 158 prevents double taxation on lease premiums and certain other lease-related receipts where a person carries on a trade of dealing in land, by reducing the trading receipt to the extent it is already taxed as a property business 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.