# Finance Act 2009, Paragraph 3


(1) Section 25A of TCGA 1992 (long funding leases of plant or machinery: deemed disposals) is amended as follows.
(2) In subsection (2)(a), for “the value described in subsection (4)(a) or (b)” substitute “ the relevant disposal value ”.
(3) For subsections (4) to (4D) substitute—
“(4) “Relevant disposal value” means—
(a) in relation to a long funding finance lease, the disposal value described in item 5A of the table in section 61(2) of the Capital Allowances Act (disposal values), and
(b) in relation to a long funding operating lease, the disposal value described in item 5B of that table.”
(4) In subsection (5), omit “ “market value”,”.

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Source: https://www.legislation.gov.uk/ukpga/2009/10/schedule/32/paragraph/3 (the official version)
Page: https://openlegislation.uk/finance-act-2009/schedule-32/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.