Introduction Finance leaseback
33.Paragraph 23 amends section 216(1)(b)(i) of CAA. It inserts after “S” the phrase “or by a person (other than B) who is connected with S”.
34.Paragraph 24 amends section 221(1)(b)(i) of CAA. It replaces the phrase “qualifying activity carried on by S” with “an activity carried on by S or by a person (other than B) who is connected with S”.
35.Paragraph 25 provides that the amendment made by paragraph 23 has effect where the date of the relevant transaction is on or after 22 April 2009. Where section 216(1)(b) of CAA is relevant for the purposes of an election under section 227 of CAA, the amendment made by paragraph 24 applies where the date of the transaction referred to at section 227(1)(a) of CAA is on or after 22 April 2009.
36.Paragraph 26 provides that the amendment made by paragraph 24 has effect where the date of the relevant transaction is on or after 22 April 2009. Where section 221(1)(b) of CAA is relevant for the purposes of section 228A of CAA the amendment made by paragraph 24 applies where the date of the transaction referred to at section 228A(2)(a) of CAA is on or after 22 April 2009.