BLM70830 - ‘Income-into-capital’ schemes and back loaded leases: Back loaded leases: normal rent - property income

The rules spreading rents within property income for corporation tax for the purpose of CTA10/S902(7) (see BLM70605) do not apply for the purposes of CTA10/S928. A rental to which the lessor becomes entitled at any time on 26 November 1996 is a rental of the period of account deemed to begin on that date (see BLM70850).