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).