Commentary

D6.330 Special situations involving a transfer of trade with common ownership—business of leasing plant or machinery

Corporate tax
Corporate tax | Commentary

D6.330 Special situations involving a transfer of trade with common ownership—business of leasing plant or machinery

Corporate tax | Commentary

D6.330 Special situations involving a transfer of trade with common ownership—business of leasing plant or machinery

General rule for businesses which lease plant or machinery

Targeted anti-avoidance legislation applies to companies carrying on a business of leasing plant or machinery in relation to the CTA 2010, Pt 22 Ch 1 (ss 940A–953) provisions (ie the succession rules, see D6.315). 'Business of leasing plant or machinery' has the meaning given by CTA 2010, s 387.

For such companies the carry over of capital allowances under CTA 2010, Pt 22 Ch 1 (ss 940A–953) is not possible if the trade concerned is (or forms part

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