BIM64175 - Private Finance Initiative (PFI): contribution of land: reverse premiums
S96-S100, S250 Corporation Tax Act 2009
The reverse premiums legislation charges 바카라 사이트˜a payment or other benefit by way of an inducement바카라 사이트™ to take an interest in land (see BIM41050 onwards).
In some PFI projects the public sector purchaser grants a lease, to the private sector operator, of the land on which the operator will construct the PFI property. In addition the purchaser may make a contribution of money, or money바카라 사이트™s worth (e.g. surplus land) as part of the commercial arrangement.
In such circumstances we do not consider that the contribution is an inducement for the purposes of the reverse premium legislation.