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HMRC internal manual

Business Income Manual

HM Revenue & Customs
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Specific deductions: premiums: contents

This chapter deals with the deductions which can be made in calculating the profits of a trade a premium is paid for a lease of no more than 50 years and the land subject to the lease is used by the tenant in connection with a trade.

For guidance on reverse premiums, see BIM41050 onwards.

The guidance is arranged as follows: