Part 9Leasing plant or machinery

Chapter 3Sales of lessors: leasing business carried on by a company alone

Introduction

382Introduction to Chapter

(1)

This Chapter applies if there is a F1relevant change in the relationship between a company carrying on a business of leasing plant or machinery otherwise than in partnership with other persons F2and a principal company of the company..

(2)

For the meaning of “business of leasing plant or machinery”, see sections 387 to 391.

(3)

For the meaning of F3“relevant change in the relationship between a company and a principal company of the company”, see sections 392 to 394.

(4)

As to cases where there is a qualifying change of ownership in relation to a company carrying on a business of leasing plant or machinery in partnership with other persons, see Chapter 4.