CFM96340 - Interest restriction: related parties: finance leases granted before 1 April 2017

TIOPA10/S472

There is a specific grandfathering provision which applies where an asset is leased by a person (A) to another (B) under a lease which is granted before 1 April 2017 and which is a finance lease.

Where this is the case, A and B are treated as if they were not related parties in relation to the lease.