Continuing our series of basic informative articles Jane Feeney Solicitor Mayer Brown Rowe & Maw LLP writes on the tax treatment of surrenders and assignments of leases
Part 1 (The Tax Journal Issue 899 20 August 2007) dealt with tax issues arising on the grant of a lease looking in particular at the implications of a landlord offering a prospective tenant inducements to take a lease. This second part addresses the tax implications that arise when a lease is surrendered or assigned and looks in each case at VAT SDLT and corporation tax.
As with the first article we will assume a commercial lease between unconnected companies both of which are UK tax-resident and it is also assumed that...
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Continuing our series of basic informative articles Jane Feeney Solicitor Mayer Brown Rowe & Maw LLP writes on the tax treatment of surrenders and assignments of leases
Part 1 (The Tax Journal Issue 899 20 August 2007) dealt with tax issues arising on the grant of a lease looking in particular at the implications of a landlord offering a prospective tenant inducements to take a lease. This second part addresses the tax implications that arise when a lease is surrendered or assigned and looks in each case at VAT SDLT and corporation tax.
As with the first article we will assume a commercial lease between unconnected companies both of which are UK tax-resident and it is also assumed that...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
