BLM00015 - Introduction: Leasing: Importance of leasing
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.
Leasing of plant or machinery is big business. In recent years the Finance and Leasing Association (FLA) has reported that their members financed over a third of fixed capital investment by businesses in the UK (excluding real property).
The FLA’s members provided business with lease finance of over £39bn of plant or machinery in 2023.