Capital Allowances Act 2001 section 228J

Plant or machinery subject to further operating lease

Section 228J limits the tax deductions available when plant or machinery that is already part of a sale and finance leaseback or lease and finance leaseback arrangement is also made the subject of an additional operating lease back to the original seller (or a connected person).

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.