BLM80150 - Sale of lessor companies and similar arrangements: business of leasing plant or machinery: meaning of 鈥榣eased out plant or machinery鈥� - transactions on or after 23 March 2011

CTA2010 S387

The meaning of 鈥榣eased out plant or machinery鈥� is set out in section 387(7) CTA2010.

Plant of machinery is leased out plant or machinery if:

  • It is leased out on the relevant day or in the past 12 months by the relevant company or by a qualifying associate
  • The lease is a plant or machinery lease that is not an excluded lease of background plant or machinery

Plant or machinery that is leased out by a qualifying associate is 鈥榣eased out plant or machinery鈥� only if the lessee is or was someone other than the relevant company.

See BLM80152 for the meaning of 鈥榪ualifying associate鈥�.

See BLM80155 for an example.