[614BD Provisions supplementing section 614BC]
Income Tax Act 2007 (2007 c 3) | Legislation

[614BD  Provisions supplementing section 614BC]

[(1)     In section 614BC—

“the relevant tax year”, in relation to a major lump sum, means—

(a)     the tax year which is related to the period of account of the lessor (“L”) in which the major lump sum is or may be payable in accordance with the leasing arrangements, or

(b)     if there are two or

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