Finance Leasing Manual - FLM31.91
Lease ceasing to be within Part I: assignments
Assignments breaking Part I treatment must be to a person who is
not connected with any of the following:
- any person who was the assignor at some time
before the assignment; or
- any person who becomes the lessor after the
assignment if he does so pursuant to arrangements made by an
earlier lessor or a connected person (Paragraph 2(2) and (3)
Schedule 12 FA 1997).
