Continuing our series of basic informative articles Jane Feeney Solicitor Mayer Brown Rowe & Maw LLP writes on the tax treatment for landlords and tenants when they enter into a lease
Entering into a lease is one of the most common business transactions. The tax treatment of this most familiar of transactions can however be complex — with VAT SDLT and corporation tax all being relevant. This Back to Basics article (which is part 1 of a 2-part series) analyses the main tax considerations to bear in mind on the grant of a lease. Part 2 will deal with assignments and surrenders of leases.
The discussions below assume the grant of a commercial lease between unconnected companies both of which are UK tax-resident.
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Continuing our series of basic informative articles Jane Feeney Solicitor Mayer Brown Rowe & Maw LLP writes on the tax treatment for landlords and tenants when they enter into a lease
Entering into a lease is one of the most common business transactions. The tax treatment of this most familiar of transactions can however be complex — with VAT SDLT and corporation tax all being relevant. This Back to Basics article (which is part 1 of a 2-part series) analyses the main tax considerations to bear in mind on the grant of a lease. Part 2 will deal with assignments and surrenders of leases.
The discussions below assume the grant of a commercial lease between unconnected companies both of which are UK tax-resident.
...
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:
