[148DA “Starting value”: general]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[148DA  “Starting value”: general]

[(1)     This section is about the meaning of “starting value” in section 148D in relation to a long funding operating lease (“the section 148D lease”).

(2)     But this section does not apply if the conditions in section 148DB(2) (“starting value” where plant or machinery originally unqualifying) are met.

(3)     If the only use of the plant or machinery by the

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