{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-261A",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-261A.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/261A",
  "kind": "section",
  "number": "261A",
  "heading": "Special leasing: leasing partnerships",
  "text": "(1) This section applies for corporation tax purposes if—\n(a) a company carries on a business in partnership with other persons in a chargeable period of the partnership,\n(b) the business (“the leasing business”) is, on any day in that period, a business of leasing plant or machinery,\n(c) the company is entitled to an allowance under section 19 (special leasing of plant or machinery) for any chargeable period comprised (wholly or partly) in the chargeable period of the partnership, and\n(d) the interest of the company in the leasing business during the chargeable period of the partnership is not determined on an allowable basis.\n(2) Subsections (3) to (6) of section 260 do not apply in relation to the allowance.\n(3) For the purposes of this section—\n(a) “business of leasing plant or machinery” has the same meaning as in Chapter 4 of Part 9 of CTA 2010 (sales of lessors: leasing business carried on by a company in partnership), and\n(b) section 887 of CTA 2010 applies for determining whether the interest of the company in the leasing business during the chargeable period of the partnership is determined on an allowable basis.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 261A inserted (with effect in accordance with s. 83(4)-(6) of the amending Act) by Finance Act 2006 (c. 25), s. 83(3)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 261A(3)(a) substituted (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 351(a) (with Sch. 2)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 261A(3)(b) substituted (1.4.2010) (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 351(b) (with Sch. 2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2001/2/section/261A",
    "retrieved_at": "2026-10-29T09:20:17.739129+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}