General Studies · UK Income Tax - Lease Premiums Property Income
On 6 April 2024, Nicolas granted a 15-year lease on an unfurnished freehold office building and received a premium of £82,000. How much of this lease premium is taxable as property income for the tax year 2024/25?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1£5,467
- 2£82,000
- 3£22,960
- 4£59,040✓
Correct answer
£59,040
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