SCHEDULES

SCHEDULE 33 Taxation provisions

Part II Public-Private Partnership Agreements

Sale and leaseback

13

1

Neither F3section 838 or 839 (limitation on tax reliefs) nor F4section 865 (leased trading assets: tax deduction not to exceed commercial rent) of the F6Corporation Tax Act 2010F1, nor any of sections 681AD, 681AE and 681CC of the Income Tax Act 2007 (which make corresponding provision), shall apply to any payment which falls to made under a PPP agreement.

2

F5Chapter 4 of Part 19 of F2the Corporation Tax Act 2010 and Chapter 4 of Part 12A of the Income Tax Act 2007 (assets leased to traders and others) shall not apply to, or by reason of, any such payment.