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HMRC internal manual

Business Leasing Manual

‘Income-into-capital’ schemes and back loaded leases: Back loaded leases: normal rent - trading income

In calculating ‘normal rent’ which is a trading receipt, a rental should usually be recognised evenly over the rental period to which it relates in accordance with the terms of the lease. See BLM33000 for a further discussion of how the ‘capital’ or ‘loan repayment’ element of finance lease rentals are recognised for trading income purposes.