Related Commentary  Related HMRC Manuals

437(1)  This section applies for the purposes of the sales of lessors Chapters.

437(2)  “Company” means a body corporate.

437(3)  “Excluded lease of background plant or machinery for a building” has the meaning given in Chapter 6A of Part 2 of CAA 2001 (see section 70R of that Act).

437(4)  “Finance lease” means–

(a)in relation to any person, a lease that, in accordance with generally accepted accounting practice, falls (or would fall) to be treated in the accounts of that person as a finance lease or loan, or

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