Finance Act 2006

Part 1 U.K. Introduction

Contents of Schedule U.K.

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

F1 Words in Sch. 10 para. 1(4) substituted (19.7.2007) by Finance Act 2007 (c. 11), s. 31, Sch. 6 para. 2(2)

Commencement U.K.

2 U.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.