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Non-domestic Rates

Volume 486: debated on Tuesday 13 January 2009

To ask the Chancellor of the Exchequer what changes have been made to the tax treatment of lump sum payments made by businesses surrendering onerous leases in the last 12 months. (245978)

There have been no recent changes to the tax treatment of lump sum payments made by businesses surrendering onerous leases. Such payments are not an allowable expense in computing trading profits, unless the trade consists of the buying and selling of leases.