[742E Value of benefit provided by making land available]
Income Tax Act 2007 (2007 c 3) | Legislation

[742E  Value of benefit provided by making land available]

[(1)     The value of the benefit provided by making land available for the use of a person (P) is, for each tax year in which the benefit is provided to P, the amount by which—

(a)     the rental value of the land for the period of the tax year during which the land is made available to P, exceeds

(b)     the total of the amounts (if any) paid in the tax year by P—

(i)     to the person

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