[371SJ Elections for leases to be treated as long funding leases]
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

[371SJ  Elections for leases to be treated as long funding leases]

[(1)     This section applies if—

(a)     a notice is given to an officer of Revenue and Customs requesting that the CFC be assumed to have made a long funding lease election in the form specified in the notice, and

(b)     the time at which the notice is given is a time at which, applying the corporation tax assumptions apart from this section, the CFC would have been able to make a long funding lease election in the form specified in the notice.

(2)     Assume—

(a)     that a long funding lease election has been made by the CFC in the form specified in the notice under subsection (1) at the time in question, and

(b)     that, accordingly, regulation 2(5)

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