GOV.UK
‘Income-into-capital’ schemes and back loaded leases: contents
FA97/Schedule 12 was introduced to counter two categories of tax avoidance using leasing:
- Back end loaded leases, and
- Income into capital schemes
The legislation has had a number of modifications since introduction and can now be found, following tax law re-write, at Part 21 CTA 2010 for Corporation Tax purposes and Part 11A ITA 2007 for Income Tax purposes.
Much of the following guidance was originally in the Finance Leasing Manual (now no longer available). In that form the guidance was issued after extensive consultation with representative bodies. The guidance that follows is based upon material updated for legislative changes and amended for clarification.
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BLM70005‘Income-into-capital’ schemes and back loaded leases: Introduction to back-loaded leases: contents
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BLM70200‘Income-into-capital’ schemes and back loaded leases: Introduction to 'income-into-capital' schemes: contents
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BLM70400‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 CTA 2010 lease: contents
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BLM70800’Income-into-capital’ schemes and back loaded leases: Back loaded leases: contents
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BLM71000‘Income-into-capital’ schemes and back loaded leases: 'Income-into-capital' schemes: contents
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BLM72000’Income-into-capital’ schemes and back loaded leases: Relief for set-offs against rentals: contents
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BLM73000’Income-into-capital’ schemes and back loaded leases: Capital allowances: contents
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BLM74000’Income-into-capital’ schemes and back loaded leases: Bad debts: contents
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BLM74300’Income-into-capital’ schemes and back loaded leases: Lease changes: contents
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BLM74600’Income-into-capital’ schemes and back loaded leases: Back loaded leases: contents