Introduction Overview Overview
2572.This Chapter is based on section 781 of ICTA.
2573.It deals with cases such as that of a taxpayer which, having had tax relief in respect of a payment under a lease of an asset other than land or buildings, receives or has received at any time a capital sum in respect of the lessee’s interest in the lease.
2574.If the Chapter applies, corporation tax is charged on (broadly speaking) the amount on which relief has been obtained or, if less, on the capital sum.
2575.The Chapter has the following structure.
	Section 870 summarises the Chapter.
	Sections 871 to 873 state when the Chapter applies.
	Sections 874 to 876 concern the charge to corporation tax.
	Sections 877 to 879 deal with obtaining the capital sum.
	Sections 880 and 881 are about apportionment.
	Sections 882 to 886 are interpretative.