SCHEDULES

SCHEDULE 12 Leasing arrangements: finance leases and loans

Part IV Supplementary provisions

Periods of account which straddle 26th November 1996

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This Schedule shall apply in relation to a period of account which begins before 26th November 1996 and ends on or after that date as if—

a

so much of the period as falls before 26th November 1996, and

b

so much of the period as falls on or after that date,

were separate periods of account.