Alternative finance arrangements

Alternative finance investment bonds

Anti-avoidance provisions

Capital payments in respect of

Generally

Taking over leasee payment obligation

Capital allowances

Corporation tax

Income tax

Qualifying activities

Corporation tax

Capital allowances

Change of ownership

Generally

Leasing partnership, profit sharing on allowable basis

Reconstructions

Diminishing shared ownership

Exclusion from first-year allowances

Exclusions

First-year allowances

Finance leases

Generally

Giving effect to allowances and charges

Corporation tax

Income tax

Hire purchase

– see Hire-purchase

Historical development of tax rules

IFRS 16

Lessees, plant and machinery provided by

Long funding leasing

Loss relief

Multiple leases

Operating leases

Qualifying activity

Qualifying expenditure

Rent factoring

Ships

Short-life assets

Short-term leasing

Sideways relief, restriction

Special leasing

Timing of expenditure

Trade or special leasing