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HMRC internal manual

Business Leasing Manual

From
HM Revenue & Customs
Updated
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’Income-into-capital’ schemes and back loaded leases: Back loaded leases: fourth condition - a lease within Chapter 2 of Part 21 of CTA 2010

The rule here is that Chapter 2 of Part 21 of CTA 2010 takes precedence. A lease with Chapter 3 of Part 21 of CTA 2010 will be one which satisfies Condition A in CTA10/S902(2) (see BLM70426) but does not satisfy at the same time the Conditions B-E in CTA10/S902(5)-(8).