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.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Taxation of Chargeable Gains Act 1992 section 37A
Consideration on disposal of certain leases
Section 37A reduces the disposal consideration used to calculate chargeable gains on certain finance lease disposals, by setting off any cumulative accountancy rental excess, to prevent the same amount being taxed as both income and a capital gain.
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.