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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Compensation: displaced tenants: business tenancies

It is important that you are satisfied that any compensation which is claimed to be exempt as statutory compensation is in fact payable under Section 37 L&TA 1954, particularly in cases where there is a surrender of the tenancy before it comes to an end. In all cases it will be necessary to obtain copies of the relevant documents and correspondence, for example the notice to quit and any subsequent agreement for early surrender, before any decision can be taken on whether the compensation is exempt or chargeable.