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HMRC internal manual

Business Leasing Manual

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HM Revenue & Customs
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‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 of CTA 2010 lease: Condition D: periods of account split by 26 November 1996

For the purpose of the Condition D in CTA10/S902(7), the legislation does not specify a method for the allocation of accountancy rental earnings to the deemed periods of account split by 26 November 1996 (see BLM70565). In practice you may accept any allocation on a time basis over the period of the lease falling in those periods of account unless some more accurate method is available.