Section 614C Introduction to ChapterF1

(1)

This Chapter applies to arrangements involving the lease of an asset that—

(a)

fall to be treated, in accordance with generally accepted accounting practice, as a finance lease or loan, but

(b)

are not arrangements to which Chapter 2 applies.

(2)

It does not matter whether the arrangements are or have been entered into by companies or other persons.

Annotations

F1: Pt. 11A Ch. 3 inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 3 para. 4 (with Sch. 9 paras. 1-9, 22)

F1: Pt. 11A inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 3 para. 2 (with Sch. 9 paras. 1-9, 22)