BLM00715 - Introduction: why lease: other tax advantages 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.
The vast majority of leasing does not involve tax avoidance. Nevertheless, if someone wants to avoid or defer tax, either directly or indirectly, leasing may provide the means by which this is achieved.
As a consequence, leasing features in many avoidance arrangements - see BLM01000.