BLM74345 - 鈥橧ncome-into-capital鈥� schemes and back loaded leases: Lease changes: catching-up charge - 'existing鈥� operating lease becomes a lease with Chapter 2 of Part 21 of CTA 2010
CTA10/S923 also applies in terms where 鈥榩re-26 November 1996鈥� operating leases become Chapter 2 of Part 21 of CTA 2010 leases after 26 November 1996. But in those circumstances there will be no 鈥榗atching up鈥� charge under the paragraph nor any cumulative excesses to be brought forward from the periods when the lease was an operating lease.