5.3 In 2016-17, a landlord receives a premium of 12,000 when granting a lease to a tenant....

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5.3 In 2016-17, a landlord receives a premium of £12,000 when granting a lease to a tenant.

Compute the amount of this premium which is chargeable to income tax if the length of the lease is:

(a) 60 years

(b) 50 years

(c) 20 years.

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