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3(1)Section 25A of TCGA 1992 (long funding leases of plant or machinery: deemed disposals) is amended as follows.
(2)In subsection (2)(a), for “the value described in subsection (4)(a) or (b)” substitute “the relevant disposal value”.
(3)For subsections (4) to (4D) substitute—
“(4)“Relevant disposal value” means—
(a)in relation to a long funding finance lease, the disposal value described in item 5A of the table in section 61(2) of the Capital Allowances Act (disposal values), and
(b)in relation to a long funding operating lease, the disposal value described in item 5B of that table.”
(4)In subsection (5), omit ““market value”,”.
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