BLM21325 - Defining long funding
leases: funding leases that are not long funding leases: short
leases: excluded leases: supporting definition in SI2007/303
The regulations made by SI2007/303 essentially consist of
three lists:
- the first list (regulation 2) provides
examples of the kinds of plant or machinery that should be treated
as being background plant or machinery for a building,
BLM21330
- the second list (article 3) is an
exhaustive list of plant or machinery that is not, or may not be,
background plant or machinery on the basis of the definition in
CAA01/S70R, but which is treated as if it were background plant or
machinery,
BLM21335
- the third list (article 4) describes types
of plant or machinery that are deemed not to be background plant or
machinery even if they would otherwise be treated as background
plant or machinery,
BLM21340.
The articles also provide an order of priority within the
regulations. This is explained at
BLM21345.
