This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Business Leasing Manual

’Income-into-capital’ schemes and back loaded: Back loaded leases: second condition - existence of written contract

One issue which arises in considering in particular whether the second requirement (see BLM74630) is satisfied is whether there was in existence a ‘contract in writing for the lease’ prior to 26 November 1996. In practice you may accept the provision of a detailed term sheet as a contract in writing for the lease even if it is arguable whether it amount to a binding agreement between the parties, see BLM74655.