Section 278 — Corporation Tax Act 2009: Meaning of “rent receivable for a UK electric-line wayleave”

Meaning of “rent receivable for a UK electric-line wayleave” 278 1 For the purposes of this Chapter rent is receivable for a UK electric-line wayleave if—

a it is receivable in respect of an easement, servitude or right in or over land in the United Kingdom, and b the easement, servitude or right is enjoyed in connection with an electric, telegraph or telephone wire or cable.

2 The reference to the enjoyment of an easement, servitude or right in connection with an electric, telegraph or telephone wire or cable includes (in particular) its enjoyment in connection with—

a a pole or pylon supporting such a wire or cable, or b apparatus used in connection with such a wire or cable.

3 In this Chapter “ rent ” includes—

a a receipt mentioned in section 207(3),

and b any other receipt in the nature of rent.