Paragraph 270

After section 281 insert—

“Sums to which sections 277 to 281 do not apply

281A

(1)

This section applies if a grant of a lease constitutes a disposal of an asset for the purposes of section 809BZA(2)(b) or 809BZF(2)(a) of ITA 2007 (disposals under finance arrangements).

(2)

Sections 277 to 281 do not apply in relation to a premium paid in respect of the grant.”