SCHEDULES

SCHEDULE 8Long funding leases of plant or machinery

Part 3Income tax

Application of Chapter 10A for calculating the profits of a property business

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(1)

Section 272 is amended as follows.

(2)

In the Table in subsection (2), insert at the appropriate place—

“In Chapter 10A (long funding leases)—

Sections 148A to 148J

Leases of plant or machinery: special rules for long funding leases”