BIM61100 - Leasing: Finance Leasing: contents
This section contains the following:
| BIM61101 | Leasing: Finance leasing: tax treatment: introduction |
| BIM61105 | Leasing: Finance lessees: tax treatment: public statements |
| BIM61110 | Leasing: Finance lessees: leases entered into before 12/4/91 |
| BIM61115 | Leasing: Finance lessees: leases entered into on or after 12/4/91 |
| BIM61120 | Leasing: Finance lessees: use of SSAP 21 |
| BIM61125 | Leasing: Finance lessees: allocation of finance charge |
| BIM61130 | Leasing: Finance lessees: termination adjustments: general |
| BIM61135 | Leasing: Finance lessees: termination adjustments: substituting one finance lease for another |
| BIM61140 | Leasing: Finance lessees: termination adjustments: premature terminations |
| BIM61145 | Leasing: Finance lessees: short-term finance leases: no secondary periods |
| BIM61150 | Leasing: Finance lessees: rentals written off over short primary period |
| BIM61155 | Leasing: Finance lessees: SSAP 21 not applied |
| BIM61160 | Leasing: Finance lessees: change in depreciation rate under SSAP 21 |
| BIM61165 | Leasing: Finance lessees: sale and leaseback |
| BIM61170 | Leasing: Finance lessees: asset not depreciated |
| BIM61175 | Leasing: Finance lessees: multiple asset leases |
| BIM61180 | Leasing: Finance lessees: pre-use rentals |
| BIM61185 | Leasing: Finance lessees: fixtures |
| BIM61190 | Leasing: Finance lessors: whether trading |
| BIM61195 | Leasing: Finance lessors: timing of lease rentals receivable |
Guidance on:
- The commercial background and accountancy treatment of leasing is at BIM61000 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.
