Section 614A — Income Tax Act 2007: Overview of Part

Overview of Part 614A 1 This Part makes provision for the purposes of income tax about the taxation of leasing arrangements.

2 Chapter 2 makes provision in relation to certain arrangements involving the lease of assets where the conditions in section 614BC are or have been met, so far as the lease is not regarded as a long-funding lease for the purposes of Part 2 of CAA 2001 in accordance with Chapter 6A of that Part (see sections 614BB to 614BE).

3 Chapter 3 makes provision in relation to arrangements involving the lease of assets that are not within Chapter 2, so far as the lease is not so regarded (see sections 614C and 614CB).

4 The remaining provisions of this Chapter explain some expressions about rent for the purposes of this Part.

5 Chapter 4 contains further provisions supplementing this Part, including more about its interpretation.