Paragraph 2

(1)

In paragraph 41(4) of that Schedule (the requirement not to enter into tax avoidance arrangements: exemption for finance leases)—

(a)

in the first sentence omit “finance”;

(b)

for the second sentence substitute— “ In this sub-paragraph “lease”, and “lessor” in relation to a lease, have the meaning given by paragraph 89(2). ”.

(2)

In paragraph 147 (index of defined expressions)—

(a)

omit the entry for “finance lease (and lessor and lessee) (in Part X)”;

(b)

insert at the appropriate place—

“
lease (and lessor and lessee) (in Part X) paragraph 89(2)
”.