Leased assets: special casesU.K.
3(1)Section 782 of ICTA is amended as follows.U.K.
(2)After subsection (1) (application of section to payments under certain leases) insert—
“(1A)This section does not apply to a payment if or to the extent that, in the case of the lessee, it falls to be regarded in accordance with Chapter 6A of Part 2 of the Capital Allowances Act as a payment under a lease which is a long funding finance lease for the purposes of that Part.”.
(3)The amendment made by this paragraph has effect in relation to payments due on or after 1st April 2006.