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HMRC internal manual

Business Leasing Manual

From
HM Revenue & Customs
Updated
, see all updates

Taxation of leases that are not long funding leases: finance lessees: general issues: ongoing issues during currency of lease

Three main issues arise during the currency of a lease. These are the consequences of

  • the lease being a capital asset - see BLM32040 onwards
  • the depreciation method, including change in rate under SSAP 21 - see BLM32050 onwards
  • the lease being reclassified - see BLM32065 onwards.