http://www.legislation.gov.uk/ukpga/2010/4/section/372Corporation Tax Act 2010An Act to restate, with minor changes, certain enactments relating to corporation tax and certain enactments relating to company distributions; and for connected purposes.texttext/xmlenStatute Law Database2026-05-20Expert Participation2026-03-18
Corporation Tax Act 2010s. 658(1)(d)(e)Finance Act 2010Sch. 6 para. 31Sch. 6 para. 35Corporation Tax Act 2010s. 357CHAFinance Act 2024Sch. 2 para. 14(7)Sch. 2 para. 16(2)
Part 9Leasing plant or machineryChapter 2Long funding leases of plant or machinery<Emphasis>Cases where sections 360 to 369 do not apply</Emphasis>Lessor also lessee under non-long funding lease3721This section applies if—aa company is the lessee of any plant or machinery under a lease (“lease A”),blease A is not a long funding lease,cthe company enters into a lease (“lease B”) of any of that plant or machinery (as lessor), anddlease B is a long funding lease.2Sections 360 to 369 do not apply in relation to lease B.3This section must be treated as never having applied in relation to lease B if lease A—abecomes a long funding lease as a result of section 70H of CAA 2001 (tax return by lessee treating lease as long funding lease), andbhas not ceased to be such a lease.