Finance Leasing Manual - FLM21.15

New Schedule A: basis for recognising income

The new Schedule A for 1995-96 and later years follows Schedule D Case I principles for the timing of recognising income, see FLM21.20.

Part 1 of the Property Income Manual deals with new Schedule A. Except where indicated to the contrary (e.g. the different treatment of Schedule A losses) the guidance in Part I of the PIMapplies equally to income tax and corporation tax cases within the scope of new Schedule A.