BLM70685 | ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 of CTA 2010 lease: leases ceasing to come within Chapter 2 - assignments

Assignments breaking Chapter 2 of Part 21 of CTA 2010 treatment must be to a person who is not connected with any of the following:

• the assignor;

• any person who was the assignor at some time before the assignment; or

• any person who becomes the lessor after the assignment if they do so pursuant to arrangements made by an earlier lessor or a connected person (CTA10/S901(3)-(5)).