Rent factoring of leases of plant or machineryU.K.
7(1)Section 785A of ICTA (rent factoring of leases of plant or machinery) is amended as follows.U.K.
(2)After subsection (5) (provision about partnerships with legal personality) insert—
“(5A)This section does not apply in so far as section 774B or 774D (structured finance arrangements) applies in relation to the arrangements mentioned in paragraph (c) of subsection (1) above as a result of the transfer mentioned in that paragraph.”.