Finance Leasing Manual - FLM35.26

Allowances for costs relating to waste disposal sites and cemeteries

Paragraph 11(11) and (12) Schedule 12 FA 1997 provide that where the lessor's expenditure on the leased asset qualified for allowances under Sections 91, 91A or 91B ICTA 1988 (see IM2060, IM3250 and IM3245 respectively) a major lump sum is treated as a trading receipt, restricted if necessary to the deductions made under those provisions.