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HMRC internal manual

Business Leasing Manual

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HM Revenue & Customs
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’Income-into-capital’ schemes and back loaded leases: Back loaded leases: periods of account straddling 26 November 1996

For all the purposes of Part 21 of CTA 2010 periods of account straddling 26 November 1996 were split into two periods at that date. The first deemed period ran from the beginning of the actual period of account to 25 November 1996 and the second ran from 26 November 1996 to the end of the actual period of account. In the limiting case of a period of account ending on 26 November 1996 the second deemed period began at the start of that day and ended at its close.