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Finance Act 2006

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Version Superseded: 19/07/2007

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Part 1 U.K.Introduction

Contents of ScheduleU.K.

1(1)This Schedule makes provision for corporation tax purposes in relation to any company which is within the charge to corporation tax in respect of a business of leasing plant or machinery (within the meaning of Part 2 or 3).

(2)Part 2 deals with the case of a qualifying change of ownership in relation to the company where it carries on the business otherwise than in partnership.

(3)Part 3 deals with—

(a)the case of a qualifying change in the company's interest in the business where it carries on the business in partnership with other persons, and

(b)the case of a qualifying change of ownership in relation to any such company.

(4)Part 4 contains an anti-avoidance provision and other supplementary provisions.

CommencementU.K.

2This Schedule has effect in relation to—

(a)any qualifying change of ownership in relation to a company which occurs on or after 5th December 2005, and

(b)any qualifying change in a company's interest in a business which occurs on or after that date.

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