Statute
Section 896 — Corporation Tax Act 2010: Normal rent
Text of the provision Official document
Normal rent 896 1 For the purposes of this Part, the “normal rent” in respect of a lease for a period of account of the lessor (“L”) is the amount specified in subsection (2).
2 That amount is the amount that L would, apart from this Part, bring into account as rent from the lease that arises to L in that period of account for the purpose of determining L's liability to corporation tax for the related accounting period or periods.
3 For the meaning of “related accounting period”, see section 932(4).
Official source: legislation.gov.uk
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