SCHEDULES
SCHEDULE 9Leases of plant or machinery: miscellaneous amendments
Capital Allowances Act 2001
Anti-avoidance: meaning of “finance lease”
14
(1)
Section 219 of CAA 2001 (meaning of “finance lease” in Chapter 17 of Part 2) is amended as follows.
(2)
In subsection (1)(b), after sub-paragraph (ii) insert— “
and which are not a long funding lease in the case of the lessor.
”
.
(3)
Paragraph 15 of Schedule 8 (commencement) also has effect in relation to the amendment made by this paragraph.