1(1)This Schedule makes provision for corporation tax purposes in relation to any company which is within the charge to corporation tax in respect of a business of leasing plant or machinery (within the meaning of Part 2 or 3).U.K.
(2)Part 2 deals with the case of a qualifying change of ownership in relation to the company where it carries on the business otherwise than in partnership.
(3)Part 3 deals with—
(a)the case of a qualifying change in the company's interest in the business where it carries on the business in partnership with other persons, and
(b)the case of a qualifying change of ownership in relation to any such company.
(4)Part 4 contains [F1;anti-avoidance provisions] and other supplementary provisions.
Textual Amendments
F1Words in Sch. 10 para. 1(4) substituted (19.7.2007) by Finance Act 2007 (c. 11), s. 31, Sch. 6 para. 2(2)
2U.K.This Schedule has effect in relation to—
(a)any qualifying change of ownership in relation to a company which occurs on or after 5th December 2005, and
(b)any qualifying change in a company's interest in a business which occurs on or after that date.