# Finance Act 1998, Paragraph 74


(1) In Schedule 12 to the Finance Act 1997 (leasing arrangements: finance leases and loans), the following provisions (which apply concepts from Case I of Schedule D in relation to rent taxed under Schedule A) shall cease to have effect in accordance with this paragraph.
(2) Paragraphs 3(6), 6(9)(b), 8(1) to (7) and 20(b) do not apply in relation to periods of account beginning on or after 1st April 1998.
A “period of account” means a period for which accounts are made up.
(3) Paragraph 8(8) does not apply if the time mentioned in that provision is on or after 1st April 1998.
(4) Paragraph 8(9) does not apply if the time mentioned in paragraph (a) of that provision is on or after 1st April 1998.

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Source: https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/74 (the official version)
Page: https://openlegislation.uk/finance-act-1998/schedule-5/paragraph-74
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.