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HMRC internal manual

Capital Gains Manual

Leases: commutation of rent provided for in terms of lease

TCGA92/SCH8/PARA3 (2), (3) & (5)If

  • a landlord receives a capital sum for the variation or waiver of one or more of the terms of the lease, or
  • receives a capital sum for the commutation of the rent due under the lease and the lease provides for the possibility of such a payment,the special rules set out in CG71353 apply.