Defining long funding leases: funding leases that are not long funding leases: short leases: excluded leases: supporting definition in SI2007/303
The regulations made by SI2007/303 essentially consist of three lists:
- the first list (regulation 2) provides examples of the kinds of plant or machinery that should be treated as being background plant or machinery for a building, BLM21330
- the second list (article 3) is an exhaustive list of plant or machinery that is not, or may not be, background plant or machinery on the basis of the definition in CAA01/S70R, but which is treated as if it were background plant or machinery, BLM21335
- the third list (article 4) describes types of plant or machinery that are deemed not to be background plant or machinery even if they would otherwise be treated as background plant or machinery, BLM21340.
The articles also provide an order of priority within the regulations. This is explained at BLM21345.