[70H Lessee: requirement for tax return treating lease as long funding lease]
Capital Allowances Act 2001 (2001 c 2) | Legislation

[70H  Lessee: requirement for tax return treating lease as long funding lease]

[(1)     A lease is not a long funding lease in the case of the lessee unless he makes a tax return for the initial period on the basis that he falls to be taxed in respect of the lease in accordance with the provisions of—

(a)     . . .

(b)     Chapter 10A of Part 2 of ITTOIA 2005 (long funding leases: income tax) [or

(c)     Chapter 2 of Part 9 of CTA 2010 (long funding leases of plant or machinery)].

[(1A)     Subsection (1) does not apply in respect

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