SCHEDULES

SCHEDULE 8Long funding leases of plant or machinery

Part 3Income tax

Application of Chapter 10A for calculating the profits of a property business

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1

Section 272 is amended as follows.

2

In the Table in subsection (2), insert at the appropriate place—

In Chapter 10A (long funding leases)—

Sections 148A to 148J

Leases of plant or machinery: special rules for long funding leases