BLM74660 | ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: third condition - finance lease or loan

The requirement here is that the condition in CTA10/S902(2) should be satisfied (see BLM70426). The only modification is that it must be satisfied at some point on or after 26 November 1996. The guidance in BLM70426 should be applied subject to this timing modification.