Section 207 — Corporation Tax Act 2009: Meaning of “generating income from land”

Meaning of “generating income from land” 207 1 In this Chapter “ generating income from land ” means exploiting an estate, interest or right in or over land as a source of rents or other receipts. 2 “ Rents ” includes payments by a tenant for work to maintain or repair leased premises which the lease does not require the tenant to carry out. 3 “ Other receipts ” includes—

a payments in respect of a licence to occupy or otherwise use land, b payments in respect of the exercise of any other right over land, and c rentcharges and other annual payments reserved in respect of, or charged on or issuing out of, land.

4 For the purposes of this section a right to use a caravan or houseboat at only one location is treated as a right deriving from an estate or interest in land.