Corporation Tax Act 2010 section 887

When restrictions on leasing partnership losses under this Chapter apply

Section 887 sets out the conditions under which restrictions apply to losses arising from a company's participation in a partnership that carries on a plant or machinery leasing business, particularly where the company's profit-sharing arrangements are unusual or not based on a single consistent percentage.

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.