SCHEDULES
SCHEDULE 33Long funding leases of films
5
1
Section 502B of ICTA or section 148A of ITTOIA 2005 (rental earnings) does not apply to a period of account within sub-paragraph (2).
2
A period of account is within this sub-paragraph if—
a
it begins on or after the relevant date, and
b
no rentals due (wholly or partly) in respect of any part of the period of account were due under the lease before the relevant date.