BIM61000 - Leasing: General: contents
This section contains the following:
| BIM61001 | Leasing: General: coverage |
| BIM61005 | Leasing: General: commercial background: nature of leasing |
| BIM61010 | Leasing: General: commercial background: operating leases |
| BIM61015 | Leasing: General: commercial background: finance leases |
| BIM61020 | Leasing: General: commercial background: primary/secondary periods |
| BIM61025 | Leasing: General: hire purchase and finance leasing: distinction |
| BIM61030 | Leasing: General: accountancy treatment |
| BIM61035 | Leasing: General: accountancy treatment: finance lease |
| BIM61040 | Leasing: General: accountancy treatment: finance lessors |
| BIM61045 | Leasing: General: accountancy treatment: finance lessees |
| BIM61050 | Leasing: General: accountancy treatment: calculating finance charge element |
| BIM61055 | Leasing: General: accountancy treatment: calculating finance charge element: example |
| BIM61075 | Leasing: General: operating leases: accountancy and tax treatment |
Guidance on:
- Schedule D tax treatment of finance leases is at BIM61100 onwards.
- Anti-avoidance legislation in ICTA88/S781 – ICTA88/S785 (leased assets other than land) is at BIM61200 onwards.
- Anti-avoidance legislation in ICTA88/S779 – ICTA88/S780 (sale and leaseback of land) is at BIM61300 onwards.
- Anti-avoidance legislation in FA97/SCH12 (back-loaded leases and ‘income-into-capital’ schemes) is in the Finance Leasing Manual at FLM27.01 onwards.
- Income from property (Schedule A) is in the Property Income Manual (PIM).
