Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Business Leasing Manual

HM Revenue & Customs
, see all updates

‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 of CTA 2010 lease: Condition A: consolidated accounts

In some circumstances the lessor may need to obtain details of the accounting treatment of the lease in group consolidated accounts (or exceptionally in the accounts of a parent company itself) from its parent or ultimate parent company. If problems occur in practice because a lessor cannot obtain the necessary information from the relevant ‘parent undertaking’ and they cannot be solved locally, HMRC have told the Finance Leasing Association that they would be willing to look into the particular difficulty.