Corporation Tax Act 2010 section 361

Lessor under long funding finance lease: exceptional items

Section 361 ensures that exceptional profits or losses arising to a lessor company in connection with a long funding finance lease are brought into account for corporation tax purposes, even where they would not otherwise be taxable or deductible.

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.