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.