Finance Act 2003, Paragraph 2 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
2(1)In paragraph 41(4) of that Schedule (the requirement not to enter into tax avoidance arrangements: exemption for finance leases)—U.K.
(a)in the first sentence omit “finance”;
(b)for the second sentence substitute— “ In this sub-paragraph “lease”, and “lessor” in relation to a lease, have the meaning given by paragraph 89(2). ”.
(2)In paragraph 147 (index of defined expressions)—
(a)omit the entry for “finance lease (and lessor and lessee) (in Part X)”;
(b)insert at the appropriate place—
| “lease (and lessor and lessee) (in Part X) | paragraph 89(2)”. |
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