Susan is granted a 20-year lease on a property, paying a premium of 76,000. Explain how tax

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Susan is granted a 20-year lease on a property, paying a premium of £76,000. Explain how tax relief will be given in relation to this premium if:

(a) she uses the property for trading purposes, or

(b) she grants a sub-lease to Timothy for five years, receiving a premium of either.

(i) £25,000 or (ii) £10,000.

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Taxation Finance Act 2023

ISBN: 9781292461083

29th Edition

Authors: Alan Melville

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Question Posted: May 02, 2024 02:00 AM

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Susan is granted a 20-year lease on a property, paying a premium of 76,000. Explain how tax

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Step by Step Answer:

a The amount assessable to income tax on Susans landlord is 4712...View the full answer

Taxation Finance Act 2023

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