BLM70660 - 바카라 사이트˜Income-into-capital바카라 사이트™ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 of CTA 2010 lease: Condition E: qualifying lump sum
A 바카라 사이트˜qualifying lump sum바카라 사이트™ is defined in CTA10/S904(2). It has a meaning which is close to, but not identical with, that of a 바카라 사이트˜major lump sum바카라 사이트™ in CTA10/S902(5). See BLM70516 onwards for a detailed description of the definition of a major lump sum.
The similarities are that both a 바카라 사이트˜qualifying lump sum바카라 사이트™ and a 바카라 사이트˜major lump sum바카라 사이트™:
- must have excluded from it any sum which is 바카라 사이트˜rent바카라 사이트™;
- must contain an amount which, in accordance with GAAP correctly applied, counts as a return on investment in respect of the finance lease (or loan).
The difference is that a 바카라 사이트˜major lump sum바카라 사이트™ but not a 바카라 사이트˜qualifying lump sum바카라 사이트™ must also contain an amount which in accordance with GAAP counts as a repayment of that investment. In short a 바카라 사이트˜qualifying lump sum바카라 사이트™ but not a 바카라 사이트˜major lump sum바카라 사이트™ may consist solely of return on the investment, in substance interest.