SCHEDULES
SCHEDULE 20Leases of plant or machinery
Capital received in respect of lease to be treated as income
3
In section 785A of ICTA (rent factoring of leases of plant or machinery), after subsection (5A) insert—
5B
This section does not apply in relation to a relevant capital payment to which section 785B below or section 809ZA of ITA 2007 applies; and “relevant capital payment” here has the same meaning as in that section.