[460 Long funding operating leases and finance leases]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[Leases]

[460  Long funding operating leases and finance leases]

[(1)     In calculating a company's adjusted corporation tax earnings for an accounting period under section 406(2), each of the following amounts is to be ignored—

(a)     the amount of a deduction under section 363 of CTA 2010 (lessor under long funding operating lease);

(b)     the amount by which a deduction is reduced under section 379 of CTA 2010 (lessee under long funding operating lease);

(c)     the capital component

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