Section 270DE Merger of leasehold interestF1
(1)
Subsection (2) applies if the relevant interest is a leasehold interest which is extinguished on the person entitled to the interest acquiring the interest which is reversionary on it.
(2)
The interest into which the leasehold interest merges becomes the relevant interest when the leasehold interest is extinguished.
Annotations
Textual amendments
- F1
Pt. 2A inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 2