Sch 14 para 3
In section 809BZN of ITA 2007 (finance arrangements: exceptions), after subsection (9) insert— (9A) A finance arrangement code does not apply if the arrangement is a right-of-use lease— (a) under which the relevant person is a lessee, and (b) which, were that person required under generally accepted accounting practice to determine whether the lease falls to be treated in the accounts of that person as a finance lease or loan, would not fall to be so treated. (9B) In subsection (9A) “ right-of-use lease ” has the same meaning as in Part 2 of CAA 2001 (see section 70YI(1) of that Act).