(1) under a contract a company ('the leasing company') incurs capital expenditure on the provision of plant or machinery1;
(2) the leasing company lets that plant and machinery to another person under another contract (a 'leasing contract')2;
(3) a first year allowance3 in relation to the capital expenditure is made to the leasing company for an accounting period ('the allowance period')4;
(4) arrangements5 are in place in the allowance period as a result of which, at some time during or after the allowance period, a successor company ('company S')6 will be able to carry on any part of
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