Part I Leasing arrangements where any of the return on investment is in capital form

United Kingdom

1. Purpose of this Part of this Schedule
2. Application of this Part of this Schedule
3. The conditions
4. The arrangements and circumstances in paragraph 3(5)
5. Current lessor to be taxed by reference to accountancy rental earnings
6. Reduction of taxable rent by certain excesses
7. Assignments on which neither a gain nor a loss accrues
8. Relief for bad debts etc: corporation tax under Schedule A
9. Relief for bad debts etc: cumulative accountancy rental excess
10. Relief for bad debts etc: cumulative normal rental excess
11. Capital allowances
12. Chargeable gains
13. Existing schemes where this Part does not at first apply
14. New schemes where this Part begins to apply after Part II has applied