BLM01025 - Introduction:
anti-avoidance rules: back-loaded leases and 'income into capital'
schemes
FA97/SCH12 counters two types of scheme:
- back-loaded leases designed to defer
taxation of income, and
- ‘income-into-capital’ schemes
designed to turn taxable income into (effectively untaxed) capital
receipts.
Guidance is in this manual at
BLM70000 onwards.
