# Income Tax Act 2007, Section 614C: Introduction to Chapter


(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.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/614C (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-614C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.