Page 16 - F6 - Capital Allowances - Leases
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Sale And Leaseback Arrangements (s23d)
Sale and leaseback arrangement:
Arrangement whereby:
A person (seller) sells an asset to
another person (purchaser)
S23D is
The seller/his connected person hires applicable
the asset from the purchaser within 2 years
Implication of s23D:
Cost of asset Limits the value
LIMITED TO: on which
Cost of asset (seller) allowances are
claimed
Less: deductions/allowances claimed (seller)
Add: Recoupments (seller)
Add: 33.3%/66.6% of capital gain (seller)
