Chapter 2 Finance leases with return in capital form

1. Introduction
2. Leases to which this Chapter applies
3. Current lessor taxed by reference to accountancy rental earnings
4. Reduction of taxable rent by cumulative rental excesses
5. Relief for bad debts by reduction of cumulative rental excesses
6. Effect of disposals
7. Capital allowances: clawback of major lump sum
8. Schemes to which this Chapter does not at first apply