[70V Tax avoidance involving international leasing]
Capital Allowances Act 2001 (2001 c 2) | Legislation

[Avoidance]

[70V  Tax avoidance involving international leasing]

[(1)     This section applies where matters are so arranged that there are plant or machinery leases such that—

(a)     under a lease by a non-resident, an asset is provided directly or indirectly to a resident,

(b)     the direct provision of the asset to the resident is by a lease which, in the case of the resident, is a long funding lease or a lease

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