BLM22010 - Defining long funding leases: amendments, transfers and assignments: amendments to a lease other than change of lessor or lessee

Amendments to a lease other than a change of lessor or lessee are considered under four headings

• amendments that do not extend the term of the lease, see BLM22015
• amendments that extend the term of a long funding operating lease, see BLM22020
• amendments that extend the term of a long funding finance lease, BLM22025
• amendments that extend the term of a lease that is not a long funding lease, see BLM22030.

In each case, the amendments may or may not create a new lease in law but the effect for tax purposes should be the same, whether or not the amendments create a new lease.