Finance Leasing Manual - FLM11.04

Finance lessees: tax treatment: layout of guidance

The following paragraphs set out the approach in more detail. The topics covered include:

• general rules affecting deductibility (see FLM11.07 onwards)

• treatment of rents paid on termination (see FLM11.33 onwards)

• rents paid under short term finance leases (see FLM11.47 onwards)

• non-depreciating assets and rents not depreciated (see FLM11.59 onwards)

• fixtures leases (see FLM11.76 onwards).