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HMRC internal manual

Business Leasing Manual

HM Revenue & Customs
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Taxation of leases that are not long funding leases: finance lessors: general taxation issues: timing of taxation of lease rentals receivable

The taxation of rentals receivable by a lessor may be affected by the anti-avoidance legislation in Part 21 CTA 2010 / Part 11A ITA 2007. This applies to the computation of finance lessors’ taxable profits from back-loaded leases and ‘income-into-capital’ schemes, see BLM70000 onwards.