SCHEDULES

SCHEDULE 20Leases of plant or machinery

Capital received in respect of lease to be treated as income

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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.”