Corporation Tax Act 2010 (c. 4)

Part 21 U.K. Leasing arrangements: finance leases and loans

Chapter 2 U.K. Finance leases with return in capital form

Capital allowances: clawback of major lump sum U.K.

917 Effect of capital allowances: introduction U.K.

(1) This section and sections 918 to 922 apply if an occasion occurs on which a major lump sum falls to be paid in relation to the lease of the asset.

(2) In those sections the occasion is called “the relevant occasion”.