Taxation (International and Other Provisions) Act 2010 section 368

Sale and lease-back etc

Section 368 introduces Schedule 4 to the Act, which inserts new sale and lease-back provisions into the Income Tax Act 2007.

  • This section activates Schedule 4 of the Taxation (International and Other Provisions) Act 2010.
  • Schedule 4 inserts a new Part 12A into the Income Tax Act 2007.
  • The new Part 12A deals specifically with sale and lease-back arrangements and related transactions.
  • The effect is to bring income tax rules on sale and lease-back into the Income Tax Act 2007 framework.

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