Related Commentary  Related HMRC Manuals

387(1)  This section determines for the purposes of this Chapter whether, on any day (“the relevant day”), a company (“the relevant company”) carries on a business of leasing plant or machinery.

387(2)  A business carried on by the relevant company is a business of leasing plant or machinery on the relevant day if condition A or B is met.

387(3)  Condition A is that at least half of the relevant plant or machinery value relates to plant or machinery falling within subsection (7).

387(4)  Subsection (3) is supplemented by section 388.

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