[148DB ”Starting value” where plant or machinery originally unqualifying]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[148DB  ”Starting value” where plant or machinery originally unqualifying]

[(1)     This section applies if the conditions in subsection (2) are met in relation to a long funding operating lease to which section 148D applies.

(2)     The conditions are that—

(a)     the lessor owns the plant or machinery as a result of having incurred expenditure on its provision for purposes other than those of a qualifying activity,

(b)     the plant or machinery is

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