HC Deb 20 June 1961 vol 642 c110W
54. Mr. G. Thomas

asked the Chancellor of the Exchequer whether he will introduce legislation to ensure that premiums paid to finance corporations by leaseholders seeking the renewal of their lease are subject to tax.

Mr. Selwyn Lloyd

Such premiums constitute trading receipts entering into the computation of taxable profit if the recipient is trading in real property. I have no proposals for legislation on this subject.