Section 889 — Corporation Tax Act 2010: Interpretation of Chapter

Interpretation of Chapter 889 1 In this Chapter— “ lease ” includes an underlease, sublease, tenancy or licence and an agreement for any of those things, “ notional business ”, in relation to a company, means the business the profits or losses of which are determined, in relation to the company, under section 1259 of CTA 2009 (calculation of firm's profits and losses), “ plant or machinery ” has the same meaning as in Part 2 of CAA 2001, and “ relevant capital allowance ” means an allowance under that Part in respect of expenditure incurred on the provision of plant or machinery wholly or partly for the purposes of the leasing business.

2 In this section “ the leasing business ” has the same meaning as in section 887.