Section 854 | Finance leasing etc

(1)The Treasury may make provision by regulations as to the application of this Part in relation to a company that is the finance lessor of an intangible asset that is the subject of a finance lease.

(2)Section 855 is about the provision that the regulations may make.

(3)References in this section and that section to a finance lease—

(a)have the meaning they have for accounting purposes, and

(b)include hire-purchase, conditional sale or other arrangements if they are of a similar character to a finance lease.

(4)References to the finance lessor or finance lessee have a corresponding meaning.

(5)Regulations under this section may be made so as to have effect from 1 April 2002.