Finance Leasing Manual - FLM20.14

Lump sums on fixtures lease termination

In identifying the 'capital sum' element of a lump sum receivable on the surrender of a lease of fixtures in respect of which an election under CAA 1990, s 53 has been made (to enable the lessor to claim capital allowances - CA2620 onwards) the guidance at FLM11.80 should be applied.