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

HMRC internal manual

Capital Gains Manual

From
HM Revenue & Customs
Updated
, see all updates

Compensation: displaced tenants: agricultural tenancies: wasting asset

In Scotland, provided that there is a provision in the lease for its continuation from year to year, its duration should be accepted as being not less than 50 years and it should therefore not be treated as a wasting asset.