SCHEDULES
SCHEDULE 9Leases of plant or machinery: miscellaneous amendments
Capital Allowances Act 2001
Anti-avoidance: meaning of “finance lease”
14
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.