[228L Determining the net present value of the rentals for purposes of s 228K]
Capital Allowances Act 2001 (2001 c 2) | Legislation

[228L  Determining the net present value of the rentals for purposes of s 228K]

[(1)     For the purposes of section 228K, the amount of the net present value of the rentals is calculated as follows—

Step 1

Find the amount (“RI”) of each rental payment—

(a)     which is payable at any time during the term of the lease, and

(b)     which is payable

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