BLM70700 - ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 CTA 2010 lease: assignment to connected person - taking over cumulative excesses

Some (but by no means all) assignees who are connected persons will be entitled to take over unused ‘cumulative accountancy rental excess’ and ‘cumulative normal rental excess’ from the assignee under CTA10/S916 - see BLM72000 onwards for details.