Part 21Leasing arrangements: finance leases and loans
Chapter 4Supplementary provisions
934Assets which represent the leased asset
1
For the purposes of this Part, the assets described in subsection (2) are treated as representing the leased asset.
2
Those assets are—
a
any asset derived from the leased asset or created out of it,
b
any asset from which the leased asset was derived or out of which the leased asset was created,
c
any asset derived from or created out of an asset within paragraph (b), and
d
any asset that derives the whole or a substantial part of its value from the leased asset or an asset that itself represents the leased asset.