StatuteIncome Tax Act 2007

Section 614AB — Income Tax Act 2007: Accountancy rental earnings

Text of the provision Official document

Accountancy rental earnings 614AB 1 For the purposes of this Part, the “accountancy rental earnings” in respect of a lease for a period of account of the lessor (“L”) is the greatest of the amounts specified in subsection (2).

2 Those amounts are—

a the rental earnings for that period in respect of the lease in L's case, b the rental earnings for that period in respect of the lease in the case of a person connected with L, and c the rental earnings for that period in respect of the lease for the purposes of consolidated group accounts of a group of companies of which L is a member.

3 For the meaning of “the rental earnings”, see section 614AC.

Official source: legislation.gov.uk

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