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HMRC internal manual

Business Income Manual

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).