# Income Tax Act 2007, Section 681BM: Lease, lessee, lessor and rent

Extent: E+W+S+N.I.

(1) This section applies for the purposes of this Chapter.
(2) “Lease” includes—
(a) an agreement for a lease, and
(b) any tenancy.
(3) “Lease” does not include a mortgage.
(4) A reference to a lessee or lessor—
(a) is to be read in accordance with subsections (2) and (3), and
(b) includes a reference to the successors in title of a lessee or lessor.
(5) “Rent” includes a payment by a tenant for work to maintain or repair leased premises which the lease does not require the tenant to carry out; and “premises” here includes land.
(6) In the application of this section to Scotland “mortgage” means—
(a) a standard security, or
(b) a heritable security, as defined in the Conveyancing (Scotland) Act 1924, but including a security constituted by ex facie absolute disposition or assignation.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/681BM (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-681BM
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.