Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
, see all updates

Leases: disposal: assignment or surrender of long lease

A gain arising on the disposal of a long lease, that is a lease with a remaining term of more than 50 years at the date of its disposal, is calculated in the normal way. The only special rules which might apply are those relating to the surrender of leases, see CG71230-CG71300.