Section 421 CTA2010

This guidance covers transactions where the relevant day falls before 23 March 2011. See BLM81082 where the relevant day falls on or after 23 March 2011.

The TWDV figure is calculated in a way similar to the calculation for a company carrying on a business of leasing on its own account. See BLM80532.

Modifications are needed to the lessor company provisions because the accounting period of the lessor partnership is not brought to a close.

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