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HMRC internal manual

Business Leasing Manual

HM Revenue & Customs
, see all updates

Sale of lessor companies and similar arrangements: partnerships: identifying transactions that are affected

A transaction is caught by the sale of lessor company legislation when:

  • a company is carrying on a business of leasing plant or machinery in partnership;


  • there is either a qualifying change in a partner’s interest in the business or a qualifying change in the ownership of the partner company. See BLM81020 and BLM81035.