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HMRC internal manual

Business Leasing Manual

HM Revenue & Customs
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’Income-into-capital’ schemes and back loaded leases: Back loaded leases: where accountancy rental earnings and normal rent are the same

Where for a period of account the normal rent is the same as, or greater than, the accountancy rental earnings, Part 21 of CTA 2010 is silent. In such a case the ordinary computational rules for the head of charge under which the rents from the lease are taxable apply unaffected by CTA10/S928. Under those rules the normal rent is recognised, not the accountancy rental earnings.