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Capital Allowances Act 2001

Section 221: Meaning of “sale and finance leaseback”

805.This and the following five sections only apply if a sale and leaseback involving a finance lease is involved.

806.In CAA 1990 such cases are dealt with (in section 76A) as an extension to the basic section 75 or 76 case. And the different aspects are all included in the same section. This Act brings together in one group all the rules for this kind of case but in a separate section for each aspect.

807.This section is based mainly on parts of sections 75, 76 and 76A of CAA 1990. It introduces and defines the term “sale and finance leaseback”.

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