SCHEDULES

SCHEDULE 20 U.K.Leases of plant or machinery

Capital received in respect of lease to be treated as income U.K.

3 U.K.In section 785A of ICTA (rent factoring of leases of plant or machinery), after subsection (5A) insert—

“(5B) This section does not apply in relation to a relevant capital payment to which section 785B below or section 809ZA of ITA 2007 applies; and “relevant capital payment” here has the same meaning as in that section.”