Section 371EE Leases to UK resident companies etcF1

with a UK resident company connected with the CFC, or

with a non-UK resident company connected with the CFC for the purposes of a UK permanent establishment of the non-UK resident company, and

that the lease is made as an alternative to the other company purchasing (directly or indirectly) the asset F2(“the relevant asset”) which is the subject of the lease or making (directly or indirectly) an arrangement which would fall within subsection (3) , and

that the main reason, or one of the main reasons, for that is a reason relating to a liability, or potential liability, of any person to tax or duty imposed under the law of any territory.

it would not be a relevant finance lease;

it would not involve the CFC, and