SCHEDULES

SCHEDULE 9Leases of plant or machinery: miscellaneous amendments

Capital Allowances Act 2001

Anti-avoidance: meaning of “finance lease”

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1

Section 219 of CAA 2001 (meaning of “finance lease” in Chapter 17 of Part 2) is amended as follows.

2

In subsection (1)(b), after sub-paragraph (ii) insert— “ and which are not a long funding lease in the case of the lessor. ”.

3

Paragraph 15 of Schedule 8 (commencement) also has effect in relation to the amendment made by this paragraph.