855 Further provision about regulations under section 854
Corporation Tax Act 2009 (2009 c 4) | Legislation

855  Further provision about regulations under section 854

(1)     Regulations under section 854 may provide that this Part applies as if the asset were an intangible fixed asset of the finance lessor and not a financial asset, even though the asset is accounted for by the finance lessor as a financial asset.

(2)     The regulations may provide that this Part applies as if the amount at which the asset is recognised in the finance lessor's balance sheet were capitalised expenditure on an intangible fixed asset, but that—

(a)     no election may be made

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