Capital Allowances Act 2001 section 70YA

Change in accountancy classification of long funding lease

Section 70YA deals with what happens for capital allowances purposes when the accountancy classification of a long funding lease changes — for example, from a finance lease to an operating lease or vice versa — and treats the change as if one lease ended and a new one began.

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.