Finance Leasing Manual - FLM11.07

Lessee's rentals: general rules affecting deductibility

The general rules affecting deductions for payments made under, or in connection with, finance leases are considered under the following headings:

• capital / revenue issues (see FLM11.09 onwards)

• rents deductible as revenue expenditure (see FLM11.14 onwards)

• timing of deductions (see FLM11.18 onwards).