Related Commentary  Related HMRC Manuals

875(1)  This section applies if–

(a)the lease is a hire-purchase agreement (as defined in section 1129), and

(b)the capital sum is obtained in respect of the lessee's interest in the lease (whether it is obtained by the person making the payment or by an associate).

875(2)  Find the total of the following amounts–

(a)so much of any payment made under the lease by the company obtaining the capital sum as is not a payment for which a deduction by way of relevant tax relief is allowed, and

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