Commentary

B5.406 Lessors under long funding finance leases

Business tax
Business tax | Commentary

B5.406 Lessors under long funding finance leases

Business tax | Commentary

B5.406 Lessors under long funding finance leases

The following amounts are brought into account when determining the corporation tax profits of a company, or the profits of a person carrying on a trade, for a period of account in which they are or were the lessor of plant or machinery under a long funding lease which is a long funding finance lease (see B5.405). Some rules operate only in respect of the period of account in which the company or person is a lessor. This is clarified in the commentary on the particular amounts discussed below. The provisions do not apply where profits are calculated on the cash basis for small businesses (see B2.112)1.

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