Section 382 Introduction to Chapter

United Kingdom

(1)

This Chapter applies if there is a F1relevant change in the relationship between a company carrying on a business of leasing plant or machinery otherwise than in partnership with other persons F2and a principal company of the company..

(2)

For the meaning of “business of leasing plant or machinery”, see sections 387 to 391.

(3)

For the meaning of F3“relevant change in the relationship between a company and a principal company of the company”, see sections 392 to 394.

(4)

As to cases where there is a qualifying change of ownership in relation to a company carrying on a business of leasing plant or machinery in partnership with other persons, see Chapter 4.

Annotations

Textual amendments

F1: Words in s. 382(1) substituted (with effect in accordance with Sch. 18 para. 9 of the amending Act) by Finance Act 2010 (c. 13), Sch. 18 para. 2(2)(a)
F2: Words in s. 382(1) inserted (with effect in accordance with Sch. 18 para. 9 of the amending Act) by Finance Act 2010 (c. 13), Sch. 18 para. 2(2)(b)
F3: Words in s. 382(3) substituted (with effect in accordance with Sch. 18 para. 9 of the amending Act) by Finance Act 2010 (c. 13), Sch. 18 para. 2(3)