Commentary

C1.310A Long funding leases

Capital gains tax
Capital gains tax | Commentary

C1.310A Long funding leases

Capital gains tax | Commentary

C1.310A Long funding leases

Plant or machinery is deemed to have been disposed of, and immediately reacquired, by the lessor for the relevant disposal value when it is leased under a long funding lease1. 'The relevant disposal value' is2, in the case of a long funding finance lease, the greater of the market value of the plant and machinery at the commencement of the term of the lease and the qualifying lease payments3. In the case of a long funding operating lease the relevant disposal value is equal to the market value of that plant or machinery at the start

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