Finance Act 2013

Amendment of section 85 (certain loan capital and securities) of Principal Act.

80.— Section 85 of the Principal Act is amended—

(a) by inserting the following after subsection (1):

“(1A) For the purposes of subsection (2)(d) ‘enhanced equipment trust certificate’ means loan capital issued by a company to raise finance to acquire, develop or lease aircraft.”,


(b) in subsection (2) by deleting “and” at the end of paragraph (b) and substituting “business, and” for “business.” in paragraph (c) and by inserting the following after paragraph (c):

“(d) the issue, transfer or redemption of an enhanced equipment trust certificate.”.