[70O The lease payments test]
Capital Allowances Act 2001 (2001 c 2) | Legislation

[70O  The lease payments test]

[(1)     A lease meets the lease payments test if—

(a)     the present value of the minimum lease payments (see section 70YE),

is equal to

(b)     80% or more of the fair value of the leased plant or machinery.

(2)     The present value

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