Section 434 — Corporation Tax Act 2010: Introduction to sections 435 and 436

Introduction to sections 435 and 436 434 1 Sections 435 and 436 apply if a question arises as to the application of Chapter 3 or 4.

2 For the purposes of this section and sections 435 and 436 “ a question as to the application of Chapter 3 or 4 ” means question A, B or C .

3 Question A is whether any company carries on a business of leasing plant or machinery (whether alone or in partnership) for the purposes of any provision of the sales of lessors Chapters.

4 Question B is the question of the amount (if any) of any income or expense which any company is treated as receiving or incurring under any provision of the sales of lessors Chapters.

5 Question C is the question of the amount of any disposal value to be substituted by section 398G(3).