Introduction Overview Overview Section 894: Other interpretation of Chapter
2647.This section defines other terms used in the Chapter. It is based on section 785C(1) and (3) to (5).
2648.The effect of subsections (3) to (5) is that a “lease of plant or machinery” includes:
	a lease of plant or machinery only;
	a lease of plant or machinery that is not a fixture where it is leased with land or other assets in circumstances where income attributable to the plant or machinery would not be chargeable to tax as profits of a UKproperty business (in which case see section 891).
but does not include:
	a lease of land and buildings, including fixtures and other plant or machinery the income from which would be taxed as property income; or
	plant or machinery leased out under a long funding lease where the lessor would have been entitled to claim capital allowances but for section 34A of CAA.