Can the GAAR apply to sale and leasebacks?

Home Forums Patrick Cannon Can the GAAR apply to sale and leasebacks?

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    Jupiter Button
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    If you have a normal sale and leaseback which meets the conditions in section 57A, is it possible to get group relief on an immediate assignment of the newly granted lease within a group? Or is it denied by para 2 of Sch 7?

    #708 Reply
    Patrick
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    Example D32 in the GAAR Guidance suggests that this is ok although it does rather coyly say that this is subject to para 2(4A) Sch 7 without elaborating.

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