Introduction: anti-avoidance rules: back-loaded leases and 'income into capital' schemes
Part 21 CTA10 / Part 11A ITA07 counters two types of scheme:
- back-loaded leases designed to defer taxation of income, and
- ‘income-into-capital’ schemes designed to turn taxable income into (effectively untaxed) capital receipts.
Guidance is in this manual at BLM70000 onwards.