Explanatory Notes

Corporation Tax Act 2010

2010 CHAPTER 4

3 March 2010

Introduction

Part 21: Leasing arrangements: finance leases and loans

Chapter 1: Introduction
Section 896: Normal rent

2656.This section defines “normal rent”. It is based on paragraph 20 of Schedule 12 to FA 1997.

2657.Normal rent is the amount which but for this Part a lessor would bring into account as rent from a lease for the purposes of corporation tax.