[70M Derived leases of plant or machinery: term and rentals]
Capital Allowances Act 2001 (2001 c 2) | Legislation

[70M  Derived leases of plant or machinery: term and rentals]

[(1)     This section has effect in any case where, as a result of applying section 70L, there is a derived lease of the relevant plant or machinery.

(2)     This section makes provision with respect to—

(a)     determining whether the derived lease is a plant or machinery lease (see subsection (3)),

(b)     the term of the derived lease (see subsection (4)),

(c)     the rentals to be regarded as payable under the derived lease (see subsections (5) to (7)).

(3)

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