CG70752 - Leases: introduction: long and short leases
Long Lease
A 바카라 사이트˜long lease바카라 사이트™ is a lease with over 50 years to run. Such a lease is not a wasting asset for CGT purposes until its remaining term is less than 50 years. Long leases are treated in the same manner as freeholds and are relatively straightforward.
Short Lease
A 바카라 사이트˜short lease바카라 사이트™ is a lease with 50 years or less to run. Such a lease is a wasting asset for CGT purposes. Short leases are the subject of a number of special rules which are covered in detail later in these instructions.