[197A Operating leases]
Finance (No 2) Act 2023 (2023 c 30) | Legislation

[197A  Operating leases]

[(1)     Subsection (2) applies where—

(a)     a member of a multinational group holds property located in the same territory as the member in an accounting period,

(b)     that property is held for lease by the member, and

(c)     the lease is accounted for in the underlying profits accounts of the member as an operating lease for that period.

(2)     The operating lease is to be regarded as an eligible tangible asset of the member for that period (despite

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