Immediate end to finance leasing tax avoidance scheme | Practical Law

Immediate end to finance leasing tax avoidance scheme | Practical Law

With effect from 9 March 2011, certain arrangements designed to obtain a double tax deduction for lessees of plant and machinery under long-funding finance leases will not achieve that end.

Immediate end to finance leasing tax avoidance scheme

Practical Law UK Legal Update 9-505-0716 (Approx. 2 pages)

Immediate end to finance leasing tax avoidance scheme

by PLC Tax
Published on 10 Mar 2011
With effect from 9 March 2011, certain arrangements designed to obtain a double tax deduction for lessees of plant and machinery under long-funding finance leases will not achieve that end.