221 Meaning of “sale and finance leaseback”
Capital Allowances Act 2001 (2001 c 2) | Legislation

Sale and finance leasebacks

221  Meaning of “sale and finance leaseback”

(1)     For the purposes of this section and [section 225], plant or machinery is the subject of a sale and finance leaseback if—

(a)     B enters into a relevant transaction with S,

(b)     after the date of the transaction, the plant or machinery—

(i)     continues to be used for the purposes of [an activity carried

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