Corporation Tax Act 2010 section 895

Overview of Part

Section 895 provides an overview of Part 21, which deals with the corporation tax treatment of leasing arrangements, including finance leases and loans.

• Part 21 sets out the corporation tax rules for leasing arrangements, divided across several chapters
• Chapter 2 addresses finance leases where the return takes a capital form, provided certain conditions in section 902 are met and the lease is not treated as a long funding lease under the Capital Allowances Act 2001
• Chapter 3 covers other finance leases that fall outside Chapter 2, again provided the lease is not treated as a long funding lease
• Chapter 4 provides supplementary provisions for the Part, including definitions and interpretation guidance, while the remainder of Chapter 1 explains key expressions relating to rent