[148FA Cases where ss 148A to 148F do not apply: plant or machinery held as trading stock]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[Lessors under long funding finance or operating leases: avoidance etc]

[148FA  Cases where ss 148A to 148F do not apply: plant or machinery held as trading stock]

[(1)     Sections 148A to 148F do not apply in the case of a person carrying on a trade who is or has been the lessor of any plant or machinery under a long funding lease if the following condition is met.

(2)     The condition is that any

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