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Legislation
Income Tax (Trading and Other Income) Act 2005

Crossheading Lessors under long funding finance or operating leases: avoidance etc

  • Section 148FA Cases where ss. 148A to 148F do not apply: plant or machinery held as trading stock
  • Section 148FB Cases where ss. 148A to 148F do not apply: lessor also lessee under non-long funding lease
  • Section 148FC Cases where ss. 148A to 148F do not apply: other avoidance
  • Section 148FD Cases where ss 148A to 148F do not apply: films
  1. Lessors under long funding finance or operating leases: avoidance etc
  2. Cases where ss 148A to 148F do not apply: films

Section 148FD | Cases where ss 148A to 148F do not apply: films

From legislation.gov.uk

(1)If a person is or has been a lessor under a long funding lease of a film, sections 148A to 148F do not apply in respect of the lease.

(2)“Film” has the same meaning as in Part 15 of CTA 2009 (see section 1181 of that Act).

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