BIM46805 - Specific deductions: rent and rates: leasing

Guidance on:

• The commercial background and accountancy treatment of leasing is in the Business Leasing Manual at BLM0001 onwards.
• The tax treatment of leases is at BLM20000 onwards.
• Anti-avoidance legislation on leased trading assets and leased capital sums is at BIM61200 onwards.
• Anti-avoidance legislation on sale and leaseback of land is at BIM61300 onwards.
• Income from property is in the Property Income Manual (PIM).