105 “Leasing”, “overseas leasing” etc
Capital Allowances Act 2001 (2001 c 2) | Legislation

Chapter 11
Overseas Leasing

Basic terms

105  “Leasing”, “overseas leasing” etc

(1)     In this Chapter—

(a)     “leasing” includes letting a ship or aircraft on charter or letting any other asset on hire, and

(b)     references to a lease include a sub-lease (and references to a lessor or lessee are to be read accordingly).

(2)     Plant or machinery is used for overseas leasing if it is used for the purpose of being leased

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