SCHEDULES

SCHEDULE 33 Taxation provisions

Part II Public-Private Partnership Agreements

Sale and leaseback

13

1

Neither section 779 (limitation on tax reliefs) nor section 782 (leased assets: special cases) of the M1Income and Corporation Taxes Act 1988 shall apply to any payment which falls to made under a PPP agreement.

2

Section 781 of that Act (assets leased to traders and others) shall not apply to, or by reason of, any such payment.