Corporation Tax Act 2010 section 871

Application of the Chapter

Section 871 sets out the conditions that must be met for this Chapter (concerning leased assets and capital sums) to apply.

• This Chapter applies only when two sets of conditions are satisfied simultaneously.
• Condition A (defined in section 872) must always be met — it relates to payments under a lease.
• In addition, at least one of conditions B, C, D or E (defined in section 873) must also be met — these relate to a capital sum being obtained.
• If condition A is not met, or if none of conditions B through E is met, this Chapter does not apply.