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

HMRC internal manual

Capital Gains Manual

Leases: commutation of rent/variation of terms of lease: 6/4/96p

TCGA92/SCH8/PARA3 (4) was amended by FA96/S142 for capital sums payable on or after 6 April 1996. Instead of recomputing the gain on the original grant of the lease the capital sum is treated as a premium giving rise to a further part disposal at the time that the sum is payable.