Part 21Leasing arrangements: finance leases and loans
Chapter 3Other finance leases
Introduction
925Introduction to Chapter
(1)
This Chapter applies to arrangements involving the lease of an asset that—
(a)
fall to be treated, in accordance with generally accepted accounting practice, as a finance lease or loan, but
(b)
are not arrangements to which Chapter 2 applies.
(2)
It does not matter whether the arrangements are or have been entered into by companies or other persons.