BLM22010 - Defining long funding
leases: amendments, transfers and assignments: amendments to a
lease other than change of lessor or lessee
Amendments to a lease other than a change of lessor or lessee
are considered under four headings
- amendments that do not extend the term of
the lease, see
BLM22015
- amendments that extend the term of a long
funding operating lease, see
BLM22020
- amendments that extend the term of a long
funding finance lease,
BLM22025
- amendments that extend the term of a lease
that is not a long funding lease, see
BLM22030.
In each case, the amendments may or may not create a new lease
in law but the effect for tax purposes should be the same, whether
or not the amendments create a new lease.
