Related Commentary  Related HMRC Manuals

267A(1)  This section applies for corporation tax purposes if–

(a)on any day (“the relevant day”) a person (“the predecessor”) carries on a business of leasing plant or machinery,

(b)on the relevant day another person (“the successor”) succeeds to the business, and

(c)the predecessor and the successor make an election under section 266.

267A(2)  Neither–

(a)section 266(7), nor

(b)the provisions of section 267,

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