61 Tenants occupying land for purposes of trade treated as incurring expenses
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

61  Tenants occupying land for purposes of trade treated as incurring expenses

(1)     The tenant under the taxed lease is treated as incurring an expense of a revenue nature in respect of the land subject to the taxed lease for each qualifying day.

(2)     If there is more than one taxed receipt, this section applies separately in relation to each of them.

(3)     A day is a “qualifying day”, in relation to a

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