There may be some cases (for example unincorporated lessees)
where the treatment in the commercial accounts of a finance lease
entered into on or after 12 April 1991 is not in accordance with
SSAP 21. Instead the rentals may simply be charged against profits.
In such cases adjustments should be made in the
lessee’s tax computation to ensure that the rentals are
spread evenly, or on some other basis justified by the rate at
which the value of the asset is used up, over the shorter of:
