The following amounts are brought into account when determining the corporation tax profits of a company, or the profits of a person carrying on a trade, for a period of account in which they are or were the lessor of plant or machinery under a long funding lease which is a long funding finance lease (see B5.405). Some rules operate only in respect of the period of account in which the company or person is a lessor. This is clarified in the commentary on the particular amounts discussed below. The provisions do not apply where profits are calculated on the cash basis for unincorporated businesses (see B2.111)1.
Rental earnings
For a period of account in which a person is the lessor
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