Agreement for Lease and Togc Sample Contracts
Agreement for lease and TOGCAgreement for Lease and Togc • March 19th, 2008
A recent tribunal case considered whether the sale of two plots of land with agreement to lease was a TOGC or not. The land, which was opted to tax, was sold with the benefit of a formal agreement to lease and the land owner had entered into a number of agreements but as the buyer had warranted its intention to continue to let the property immediately after completion on the terms of the existing agreement to lease, the land owner sought confirmation from HMRC that any transfer would fall within the TOGC provisions.