Section 854 — Corporation Tax Act 2009: Finance leasing etc

Finance leasing etc 854 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.