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

HMRC internal manual

Capital Gains Manual

Leases: merger: allowable expenditure

If the earlier lease had less than 50 years to run at the date on which the superior interest was acquired the expenditure on the acquisition of that lease must be `wasted’, see CG71141-CG71141, down to the date of acquisition of the superior interest.