{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-215",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-215.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/215",
  "kind": "section",
  "number": "215",
  "heading": "Overview of Chapter",
  "text": "(1) This Chapter provides for certain amounts (which would otherwise generally be amounts of a capital nature) to be brought into account as receipts in calculating the profits of a property business.\n(2) The amounts relate to short-term leases in the case of—\nsection 217 (lease premiums),\nsection 218 (amount treated as lease premium where work required),\nsection 220 (sums payable for surrender of lease), and\nsection 222 (assignments for profit of lease granted at undervalue).\n(3) The amounts relate to any lease in the case of—\nsection 219 (sums payable instead of rent), and\nsection 221 (sums payable for variation or waiver of terms of lease).\n(4) The amounts relate to the sale of any estate or interest in land in the case of—\nsection 224 (sales with right to reconveyance), and\nsection 225 (sale and leaseback transactions).\n(5) This Chapter also permits certain deductions in calculating the profits of property businesses carried on by tenants under certain leases (see sections 231 and 232).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/215",
    "retrieved_at": "2026-10-29T09:11:19.560467+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}