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Home / Simons-Taxes /Business tax /Part B3 Capital allowances /Division B3.3 Plant and machinery /Plant and machinery allowances and leases / B3.340S Finance leasebacks—plant or machinery subject to further operating lease
Commentary

B3.340S Finance leasebacks—plant or machinery subject to further operating lease


Business tax

Plant or machinery which is the subject of a sale and finance leaseback or a lease and finance leaseback may become the subject of a sublease. Special rules apply for computing income tax or corporation tax where1:

  1. Ìý

    •ÌýÌýÌýÌý S, or a person connected with S, is the lessee under the sublease

  2. Ìý

    •ÌýÌýÌýÌý the lessee

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