Capital Allowances Act 2001 section 70F

Introductory

Section 70F introduces the chapter that provides definitions and interpretation rules for the long funding lease provisions within the capital allowances regime.

• This section serves as the introduction to a chapter focused on interpreting the long funding lease rules.
• The interpretation provisions apply specifically to the Part of the Capital Allowances Act 2001 that deals with long funding leases.
• Long funding leases are a particular category of lease that receive specific treatment for capital allowances purposes.
• The definitions and rules set out in this chapter underpin how all the other long funding lease provisions should be read and applied.