Policy paper

Corporation Tax and Income Tax: capital allowances and leasing - anti-avoidance

This legislation applies to appropriate transactions made by businesses that take place on or after 25 November 2015.

• From: HM Revenue & Customs
• Published: 25 November 2015

Documents

Corporation Tax and Income Tax: capital allowances and leasing - anti-avoidance

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Draft clause

PDF, 67 KB, 5 pages

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Draft explanatory notes - clause 1

PDF, 72.2 KB, 2 pages

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Draft explanatory notes - clause 2

PDF, 69 KB, 2 pages

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Details

This applies to businesses which seek to obtain tax advantages by either  manipulating disposal values leading to excess capital allowances, or receiving a consideration in a non-taxable form in return for agreeing to take over tax deductible lease payments.

Published 25 November 2015