261 Special leasing: [F1long-term business] U.K.
This section has no associated Explanatory Notes
In the case of a company which is carrying on any [F2long-term business]—
(a)subsections (3) to (6) of section 260, and
(b)[F3sections 99 and 113 of CTA 2010] (group relief),
do not apply in relation to an allowance to which the company is entitled under section 19 (special leasing of plant or machinery).
Textual Amendments
F1Words in s. 261 heading substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 101(3)
F2Words in s. 261 substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 101(2)
F3Words in s. 261(b) substituted (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 350 (with Sch. 2)