294 Restrictions on section 292 expenses: lease of part of premises
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

294  Restrictions on section 292 expenses: lease of part of premises

(1)     This section applies if—

(a)     a lease has been granted out of the taxed lease,

(b)     the lease does not extend to the whole of the premises subject to the taxed lease, and

[(c)     the condition in subsection (1A) is met].

[(1A)     The condition is that—

(a)     in calculating the amount of a receipt under any of sections 277 to 281 (receipts in respect of lease premiums or sums payable instead of rent, for surrender of lease

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