Schedules
SCHEDULE 2Transitionals and savings etc
Part 10Leasing plant or machinery
Disapplication of provisions about cases where sections 360 to 369 do not apply
63
1
Sections 370 and 371 do not apply if—
a
expenditure is incurred before 9 October 2007, or
b
a company becomes entitled to a deduction in calculating its profits or losses for corporation tax purposes as a result of any plant or machinery forming part of its trading stock before that date.
2
Section 372 does not apply if the lease referred to as “lease B” in subsection (1)(c) of that section is entered into before 13 December 2007.
3
Sections 373 to 375 do not apply in relation to arrangements entered into before 9 October 2007.