Yn ddilys o 19/07/2006
Amount of the incomeU.K.
36(1)This paragraph determines the amount of the income under paragraph 33 when a qualifying change of ownership in relation to a company carrying on a business of leasing plant or machinery occurs on any day (“the relevant day”).U.K.
(2)The amount of the income is found by first—
(a)applying the formula in paragraph 29 to give the basic amount (as if the company were “the partner company” mentioned in that paragraph), and
(b)making any adjustment in accordance with any of paragraphs 19 to 21 to the basic amount.
(3)The amount is then limited to the appropriate percentage of the amount given as a result of sub-paragraph (2).
(4)If there is no qualifying change in the company's interest in the business on the relevant day, the appropriate percentage is the percentage share of the company in the profits or loss of the business on the relevant day.
(5)If there is a qualifying change in the company's interest in the business on the relevant day, the appropriate percentage is the percentage share of the company in the profits or loss of the business at the end of the relevant day.