http://www.legislation.gov.uk/ukpga/2007/3/section/614BIncome Tax Act 2007An Act to restate, with minor changes, certain enactments relating to income tax; and for connected purposes.texttext/xmlenStatute Law Database2026-08-13Expert Participation2026-07-15 Income Tax Act 2007s. 788(7)Legal Services Act 2007Sch. 21 para. 161(b)s. 29 192 193s. 211(2)art. 2(h) Part 11AChapter 2614B1This Chapter applies to arrangements involving the lease of an asset that meet conditions A and B.2Condition A is that in accordance with generally accepted accounting practice the arrangements fall to be treated as a finance lease or loan.3Condition B is that the effect of the arrangements is that some or all of the return on investment in respect of the finance lease or loan—ais or may be in the form of a sum that is not rent, andbwould not, apart from this Part and Part 21 of CTA 2010, be wholly brought into account for tax purposes as rent from the lease of the asset.4It does not matter—awhen the arrangements are or have been entered into, orbwhether they are or have been entered into by companies or other persons.Pt. 11A inserted (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. 3 para. 2 (with Sch. 9 paras. 1-9, 22)Pt. 11A Ch. 2 inserted (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. 3 para. 3 (with Sch. 9 paras. 1-9, 22)