[148E Long funding operating lease: lessor's additional expenditure]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[148E  Long funding operating lease: lessor's additional expenditure]

[(1)     This section applies if in any period of account—

(a)     a person carrying on a trade is the lessor of any plant or machinery under a long funding operating lease,

(b)     the person incurs capital expenditure in relation to the plant or machinery (the “additional expenditure”), and

(c)     the additional expenditure is not reflected in the market value of the plant or machinery at the

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