Section 271 — Corporation Tax Act 2009: Meaning of “rent receivable in connection with a UK section 39(4) concern”

Meaning of “rent receivable in connection with a UK section 39(4) concern” 271 1 For the purposes of this Chapter rent is receivable in connection with a UK section 39(4) concern if—

a it is receivable in respect of an estate, interest or right in or over land in the United Kingdom, and b the estate, interest or right is used, occupied or enjoyed in connection with a concern listed in section 39(4).

2 For the purposes of this Chapter rent is also receivable in connection with a UK section 39(4) concern if—

a it is receivable in respect of an estate, interest or right in or over land in the United Kingdom, b the lease or other agreement under which it is receivable provides for its recoupment by reducing royalties or payments of a similar nature, and c the reduction applies if the estate, interest or right is used, occupied or enjoyed in connection with a concern listed in section 39(4).

3 In this Chapter “ rent ” includes—

a a receipt mentioned in section 207(3),

and b any other receipt in the nature of rent.