BLM70670 - 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: 'arrangements' or 'circumstances'
Condition E in CTA10/S902(8) is satisfied if either:
- 바카라 사이트˜arrangements바카라 사이트™ exist whereby the future event (BLM70650) may occur; or
- 바카라 사이트˜circumstances바카라 사이트™ exist which make it more likely that the future event (BLM70650) will occur than that beforehand the leased asset (or the asset representing the leased asset) should be sold in the open market to a third party who is not connected either with the lessor or the lessee (CTA10/S904(3)-(5)).
바카라 사이트˜Arrangements바카라 사이트™ are not defined in the legislation and take their natural meaning. In recognition of the evidential and other problems which can occur in practice in showing that 바카라 사이트˜arrangements바카라 사이트™ exist the provisions include a further test based on 바카라 사이트˜circumstances바카라 사이트™.
In applying the 바카라 사이트˜circumstances바카라 사이트™ test you should bear in mind what types of transaction Chapter 2 of Part 21 of CTA 2010 is intended to catch, namely leases providing a clear opportunity for income to be turned into capital.