Part 9Leasing plant or machinery
Chapter 3Sales of lessors: leasing business carried on by a company alone
F1Election out of qualifying change of ownership
Annotations:
Amendments (Textual)
398GTransfers into and out of A
1
Section 948 does not apply where A is the predecessor or the successor.
F22
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F33
If any event occurs that requires A to bring the disposal value of plant or machinery into account under Part 2 of CAA 2001, that Part has effect as if the disposal value that A is required to bring into account were the higher of—
a
the disposal value determined in accordance with that Part, and
b
the ascribed value of the plant or machinery.
4
Section 265 of CAA 2001 (successions) is subject to this section.
Ss. 398A-398G and cross-heading inserted (with effect in accordance with Sch. 18 para. 9 of the amending Act) by Finance Act 2010 (c. 13), Sch. 18 para. 6 (with Sch. 18 paras. 11-13)