[809ZE “Capital payment”, “relevant capital payment” etc]
Income Tax Act 2007 (2007 c 3) | Legislation

[809ZE  “Capital payment”, “relevant capital payment” etc]

[(1)     This section gives the meaning of “capital payment”, “relevant capital payment” and references to payment for the purposes of sections 809ZA to 809ZD and this section.

(2)     “Capital payment” means any payment except one which, if made to the lessor—

(a)     would fall to be included in a calculation of the lessor's income for income tax purposes, or

(b)     would so fall but for section 148A of ITTOIA 2005 (rental earnings under long funding finance lease).

(3)     A capital payment, in relation to a lease or relevant arrangement, is “relevant” if condition A or

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