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HMRC internal manual

Business Leasing Manual

From
HM Revenue & Customs
Updated
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Defining long funding leases: election: eligible leases: term of lease (SI2007/304 regulation 3 condition D)

The term of the lease must be at least 12 months.

The ‘term of the lease’ has the meaning given by CAA01/S70YF (BLM25100).