{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-372",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-372.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/372",
  "kind": "section",
  "number": "372",
  "heading": "Lessor also lessee under non-long funding lease",
  "text": "(1) This section applies if—\n(a) a company is the lessee of any plant or machinery under a lease (“lease A”),\n(b) lease A is not a long funding lease,\n(c) the company enters into a lease (“lease B”) of any of that plant or machinery (as lessor), and\n(d) lease B is a long funding lease.\n(2) Sections 360 to 369 do not apply in relation to lease B.\n(3) This section must be treated as never having applied in relation to lease B if lease A—\n(a) becomes a long funding lease as a result of section 70H of CAA 2001 (tax return by lessee treating lease as long funding lease), and\n(b) has not ceased to be such a lease.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/372",
    "retrieved_at": "2026-10-29T09:10:29.433154+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."
}