Overview Part 1: New Part 11A of ITA 2007 Section 614BR: Effect of capital allowances: introduction
879.This section introduces sections 614BS to 614BW and provides that they apply if a major lump sum (see section 614BC(5)) falls to be paid in relation to a lease. It is based on paragraph 11(1) and (2) of Schedule 12 to FA 1997.