BLM70685 - Schedule 12 FA 1997:
definition of a Part I lease: leases ceasing to come within Part I
- assignments
Assignments breaking Part I treatment must be to a person who
is not connected with any of the following:
- the assignor;
- any person who was the assignor at some
time before the assignment; or
- any person who becomes the lessor after
the assignment if they do so pursuant to arrangements made by an
earlier lessor or a connected person (FA97/Sch12/para2(2) and
(3)).
