[228G Leaseback not accounted for as finance lease in S's accounts]
Capital Allowances Act 2001 (2001 c 2) | Legislation

[228G  Leaseback not accounted for as finance lease in S's accounts]

[(1)     Sections 228B and 228C are subject to this section in their application in relation to a leaseback that is not accounted for as a finance lease in the accounts of [S].

(2)     Subsection (3) applies where the leaseback is accounted for as a finance lease in the accounts of a person connected with [S]; and in that subsection “relevant calculation” means the calculation of—

(a)     the permitted maximum for the purposes of section 228B,

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