Summary

This manual is being updated to reflect FRS 102 (2024 amendments). For guidance on the tax treatment of accounts prepared under IFRS 16 or the revised FRS 102, please refer to pages within the BLM50000 chapter. An introduction to lease accounting and lease accounting taxation, with special emphasis on the leasing of plant or machinery

Contents

  1. BLM00001
    Introduction to leasing and basics of lease accounting and lease taxation
  2. BLM10000
    Lease accounting
  3. BLM20000
    Defining long funding leases
  4. BLM30000
    Taxation of leases that are not long funding leases
  5. BLM40000
    Taxation of income and expenditure under long funding leases
  6. BLM50000
    Right of use assets
  7. BLM60000
    Plant and Machinery Leasing Anti-Avoidance
  8. BLM70000
    Income-into-capital' schemes and back loaded lease
  9. BLM80000
    Sale of lessor companies and similar arrangements

Updates

  1. BLMUPDATE001
    Update index