# Finance Act 2019, Paragraph 3


In section 809BZN of ITA 2007 (finance arrangements: exceptions), after subsection (9) insert—
“(9A) A finance arrangement code does not apply if the arrangement is a right-of-use lease—
(a) under which the relevant person is a lessee, and
(b) which, were that person required under generally accepted accounting practice to determine whether the lease falls to be treated in the accounts of that person as a finance lease or loan, would not fall to be so treated.
(9B) In subsection (9A) “right-of-use lease” has the same meaning as in Part 2 of CAA 2001 (see section 70YI(1) of that Act).”

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Source: https://www.legislation.gov.uk/ukpga/2019/1/schedule/14/paragraph/3 (the official version)
Page: https://openlegislation.uk/finance-act-2019/schedule-14/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.