Income Tax (Trading and Other Income) Act 2005 (c. 5)
This section has no associated Explanatory Notes
270After section 281 insert—
“281ASums to which sections 277 to 281 do not apply
(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.”