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StatuteCorporation Tax Act 2010

Section 870 — Corporation Tax Act 2010: Overview of Chapter

Text of the provision Official document

Overview of Chapter 870 This Chapter provides that in certain circumstances where a payment is made under a lease of an asset, and a capital sum is obtained in respect of an interest in the asset, corporation tax is charged on an amount not greater than the capital sum.

Official source: legislation.gov.uk

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Statutory text from an official public source. Informational content — does not replace advice from a qualified solicitor.