Part 19Sale and lease-back etc

Chapter 4Leased assets: capital sums

Interpretation

883Capital sum

For the purposes of this Chapter a capital sum is any sum of money, or any money's worth, except so far as it or any part of it—

a

is to be treated for corporation tax purposes as a receipt to be taken into account in calculating the profits or losses of a trade, or

b

is (apart from this Chapter) chargeable to corporation tax under or by virtue of any provision to which section 1173 applies (miscellaneous charges).