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Home / Simons-Taxes /Business tax /Part B2 How are trade profits and losses calculated? /Division B2.2 Trade receipts /Property income treated as trading income / B2.219 Wayleave rent treated as trading income
Commentary

B2.219 Wayleave rent treated as trading income

Business tax

Broadly speaking, a wayleave is a right of way granted by a landowner, usually in exchange for a payment, which allows access to land for a particular purpose. Generally such wayleaves are taxed as property income (see B6.207) however where land to which a wayleave relates is used wholly or partly for carrying on a trade,

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