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SCHEDULES

SCHEDULE 20U.K.Leases of plant or machinery

Capital received in respect of lease to be treated as incomeU.K.

3U.K.In section 785A of ICTA (rent factoring of leases of plant or machinery), after subsection (5A) insert—

(5B)This section does not apply in relation to a relevant capital payment to which section 785B below or section 809ZA of ITA 2007 applies; and “relevant capital payment” here has the same meaning as in that section.