Commentary on Sections Overview Overview Section 218: Amount treated as lease premium where work required
808.This section treats a lease premium as payable if a lease places an obligation on the tenant to carry out certain works. It is based on section 34(2) and (3) of ICTA. The corresponding provision for income tax is in section 278 of ITTOIA.
809.Such treatment could lead to a property business receipt, or a greater receipt, being treated as arising to the landlord under section 217.