Section 62

RENT FACTORING OF LEASES OF PLANT OR MACHINERY

1(1–3)  [Amends ICTA 1988, s. 785A(1) and (2).]

1(4)  [Inserts ICTA 1988, s. 785A(2A).]

1(5)  [Inserts ICTA 1988, s. 785A(5ZA).]

1(6)  The amendments made by this paragraph have effect in relation to arrangements for transfers of rights entered into on or after 12 March 2008.

CREDIT ALLOWABLE IN RELATION TO INTEREST

2(1,2)  [Omits ICTA 1988, s. 807A(3), (5), (6), amends s. 807A(7) and omits FA 1997, s. 91(4).]

2(3)  The repeals made by this paragraph have effect in relation to related transactions on or after 12 March 2008.

DISTRIBUTIONS ARISING FROM TAX ARRANGEMENTS

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