VATLP05610 - Exemption: licences to occupy land: why 鈥榣icences to occupy鈥� are included in the UK land exemption
The European concept of a 鈥榣easing or letting of immovable property鈥� is wider than the UK land law concept of leases and lets.
To ensure that all 鈥榣easing or letting of immovable property鈥� potentially falls within the scope of the UK land exemption, the UK exempts 鈥榣icences to occupy鈥� in addition to formal interests in land.