# Corporation Tax Act 2010, Section 849: Overview of Chapter


(1) This Chapter provides that in certain circumstances where a lease of land is assigned or surrendered and another lease is granted or assigned—
(a) consideration received for the assignment or surrender of the first lease is taxed as a trade receipt or charged to corporation tax on income, and
(b) tax relief is allowed for rent under the other lease.
(2) The Chapter provides that in certain circumstances where a lease is varied it is treated as surrendered and another lease is treated as granted.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/849 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-849
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.