Part 9Leasing plant or machinery

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

F1 “Relevant change in relationship”

F1392“Relevant change in relationship”

For the purposes of the sales of lessors Chapters there is a relevant change in the relationship between a company (“A”) and a principal company of A on any day in any of the circumstances in section 393 or 394 (qualifying 75% subsidiaries and consortium relationships) F2or section 394ZA (company joining tonnage tax group).