BLM81015 - 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;

AND

• 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.