Introduction Overview Overview Section 434: Introduction to sections 435 and 436
1303.This section explains when sections 435 and 436 apply and what is meant by a question as to the application of Chapter 3 or 4. It is based on paragraphs 38A(1) and (4) and 38B(1) of Schedule 10 to FA 2006.
1304.A question as to the application of Chapter 3 or 4 is one which concerns:
	whether a company carries on a business of leasing plant or machinery (whether alone or in partnership); or
	the amount (if any) of any income or expense treated as received or incurred.