Part 2

Trading income
Chapter 10A

Leases of plant or machinery: special rules for long funding leases
Lessors under long funding finance or operating leases: avoidance
etc

Cases where ss 148A to 148F do not apply: films
148FD
1
If a person is or has been a lessor under a long funding lease of a film, sections 148A to 148F do not apply in respect of the lease.
2
“
Film
” has the same meaning as in Part 15 of CTA 2009 (see section 1181 of that Act).
Pt. 2 Ch. 10A, (ss 148A-148J) inserted (19.7.2006) by Finance Act 2006 (c. 25), s. 81, Sch. 8 para. 13
S. 148FA and cross-heading inserted (with effect in accordance with Sch. 20 para. 10(5) of the amending Act) by Finance Act 2008 (c. 9), Sch. 20 para. 10(2)
S. 148FD inserted (with effect in accordance with Sch. 33 para. 3 of the amending Act) by Finance Act 2009 (c. 10), Sch. 33 para. 2 (with Sch. 33 para. 9)