BLM70000 - Schedule 12 FA 1997: contents
| BLM70005 | Introduction to backloaded leases |
| BLM70200 | Introduction to ‘income-into-capital’ schemes |
| BLM70400 | Definition of a Part I lease |
| BLM70800 | Back loaded leases |
| BLM71000 | Income into capital’ schemes |
| BLM72000 | Relief for set-offs against rentals |
| BLM73000 | Capital allowances |
| BLM74000 | Bad debts |
| BLM74300 | Lease changes |
| BLM74600 | Part II |
FA97/Schedule 12 was introduced to counter two categories of
tax avoidance using leasing:
- Back end loaded leases, and
- Income into capital schemes.
The legislation remains current and has had a number of modifications since introduction. Much of the following guidance was in the Finance Leasing Manual. In that form the guidance was issued after extensive consultation with representative bodies. The guidance that follows is based on the original material updated for legislative changes and amended for clarification.
