BLM20000 - Defining long funding leases: contents

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.


FA 2006 introduced a new regime for taxing certain leases. It introduced a new concept– the “long funding lease”. This section describes how to identify a long funding lease.

  1. BLM20005
    Introduction
  2. BLM20100
    Basic definition
  3. BLM20200
    The three tests
  4. BLM20300
    Plant machinery leased with other assets
  5. BLM20400
    Exclusions from the definition of funding lease
  6. BLM20500
    Funding leases that are not long funding leases
  7. BLM22000
    Amendments, transfers and assignments
  8. BLM23000
    Commencement and transition
  9. BLM24000
    Election
  10. BLM25000
    Miscellaneous definitions