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.