A premium is a capital sum paid, usually to the landlord, on the granting of a lease.
For capital gains purposes, the definition of 'premium' also includes any like sum, whether payable to an intermediate or a superior landlord1. An intermediate landlord is a landlord who is not the direct lessor of the particular lessee, between whom and the lessee the relationship of landlord and tenant is created.
The definition of 'premium' extends to any sum (other than rent) paid on or in connection with the granting of a tenancy, except in so far as other sufficient consideration for the payment can be shown to have been given2.
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