BLM71001 - 바카라 사이트˜Income-into-capital바카라 사이트™ schemes and back loaded leases: 'Income-into-capital' schemes: summary
Chapter 2 of Part 21 of CTA 2010 target 바카라 사이트˜income-into-capital바카라 사이트™ schemes. An 바카라 사이트˜income-into-capital바카라 사이트™ scheme uses leasing to turn interest earnings in the commercial accounts of Banks and other financiers into tax-free capital. It can also shift title to capital allowances to the Banks from the Borrower in a way which avoids the normal recovery of excess allowances.
Chapter 2 counter such schemes by:
- treating the minimum taxable earnings as being no less than the commercial accounts earnings (effectively converting any 바카라 사이트˜interest바카라 사이트™ which has been turned into capital back into income);
- ensuring that normal capital allowances disposal adjustments are made.