[F1281ASums to which sections 277 to 281 do not applyU.K.
This section has no associated Explanatory Notes
(1)This section applies if a grant of a lease constitutes a disposal of an asset for the purposes of section 809BZA(2)(b) or 809BZF(2)(a) of ITA 2007 (disposals under finance arrangements).
(2)Sections 277 to 281 do not apply in relation to a premium paid in respect of the grant.]
Textual Amendments
F1S. 281A inserted (1.4.2010) (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 270 (with Sch. 9 paras. 1-9, 22)