Income Tax (Trading and Other Income) Act 2005 section 288

The additional calculation rule

Section 288 sets out how to reduce a lease premium receipt (or similar property income receipt) when there is an earlier taxed receipt relating to the same property, so that the same economic value is not taxed twice.

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.