Corporation Tax Act 2010 section 371

Adjustments where sections 360 to 369 subsequently disapplied by section 370

Section 371 deals with the adjustments required when the long funding lease rules for lessors (sections 360 to 369) have previously been applied to calculate a company's profits or losses, but section 370 subsequently disapplies those rules because the plant or machinery is held as trading stock.

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.