Corporation Tax Act 2010 (c. 4)

Part 19 U.K. Sale and lease-back etc

Chapter 4 U.K. Leased assets: capital sums

Interpretation U.K.

883 Capital sum U.K.

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).