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Business Leasing Manual
Publication Date: 2021
Publisher: Bloomsbury Professional
Copyright: 2021 Crown
Business Leasing Manual
An introduction to lease accounting and lease accounting taxation, with special emphasis on the leasing of plant or machinery
Last update: 1 February 2022
Contents
- Close sectionBLM00001: Introduction to leasing and basics of lease accounting and lease taxation
- Close sectionBLM00002: Introduction: Leasing
- BLM00005: Scope of this manual
- BLM00010: What is leasing?
- BLM00015: Importance of leasing
- BLM00020: Introduction to accounting standards
- BLM00025: The accounting definition of a lease
- BLM00030: Transactions that are treated as leases and leases that are treated as if they are not leases
- BLM00035: Lease classification
- BLM00040: What is a finance lease?
- BLM00045: What is an operating lease?
- BLM00050: Operating leases - risks
- BLM00055: Operating leases - examples
- BLM00060: Introduction to operating leases and off balance sheet finance
- BLM00065: Operating leases - off balance sheet finance example
- BLM00070: Leasing of real property
- BLM00075: Capital allowances
- BLM00080: Leases with option to buy
- BLM00085: VAT issues
- BLM00200: Lease accounting
- BLM00300: Introduction: Lease taxation
- BLM00600: Introduction: Commercial substance and structure
- BLM00700: Introduction: why lease
- BLM01000: Introduction: Anti-avoidance rules
- Close sectionBLM00002: Introduction: Leasing
- Close sectionBLM10000: Lease accounting
- Close sectionBLM10005: Accounting standards
- Close sectionBLM11000: Lease classification
- BLM11005: Introduction to detail
- BLM11010: Minimum lease payments
- BLM11015: The term of a lease
- BLM11020: ‘Fair value’
- BLM11025: Residual values and guarantees
- BLM11030: Inception and commencement
- BLM11200: Defining finance leases
- BLM11210: Meaning of ‘present value’
- BLM11215: Defining operating leases
- BLM11220: Independent approach
- BLM11230: Practical issues with borderline issues
- BLM11235: Importance of borderline issues
- BLM11240: Practical indicators
- Close sectionBLM12000: Operating lease accounting
- Close sectionBLM13000: Finance lease accounting
- Close sectionBLM16000: Leasebacks and sub-leases
- Close sectionBLM17000: IFRS 16 accounting
- BLM17005: Introduction and rationale for IFRS 16
- BLM17010: Scope and exemptions
- BLM17015: Identifying a lease
- BLM17020: Lessor accounting
- BLM17030: Background to lease accounting
- BLM17035: Initial measurement of right of use asset and lease liability
- BLM17040: Subsequent measurement and accounts disclosure
- BLM17045: Sale and leaseback
- BLM17050: Transition to IFRS 16
- BLM18000: Example
- Close sectionBLM20000: Defining long funding leases
- Close sectionBLM20005: Defining long funding leases: introduction
- BLM20010: Defining long funding leases: introduction: background
- BLM20015: Defining long funding leases: introduction: outline of tax regime
- BLM20020: Defining long funding leases: introduction: location of principal legislation
- BLM20025: Defining long funding leases: introduction list of legislation in CTA2010, ITTOIA 2005 and ICTA1988
- Close sectionBLM20100: Defining long funding leases: basic definition
- BLM20105: Defining long funding leases: basic definition: CAA 2001, s 70G
- BLM20110: Defining long funding leases: basic definition: leased plant or machinery beginning to be used for a qualifying purpose (CAA 2001, s 70G (2) and (3))
- BLM20115: Defining long funding leases: basic definition: no requirement for symmetry between the parties and rules applying to lessees (CAA 2001, s 70Q and CAA 2001, s 70H)
- BLM20120: Defining long funding leases: basic definition: rules applying to lessees (CAA 2001, s 70H)
- BLM20125: Defining long funding leases: basic definition: rules applying to lessees - example
- BLM20130: Defining long funding leases: basic definition: plant or machinery lease (CAA 2001, s 70K)
- BLM20135: Defining long funding leases: basic definition: Meaning of plant and machinery
- BLM20140: Defining long funding leases: basic definition: lease accounted for as lease under GAAP (CAA 2001, s 70K (2))
- BLM20145: Defining long funding leases: basic definition: transaction treated as lease under GAAP (CAA 2001, s 70K (3) and (4))
- BLM20150: Defining long funding leases: basic definition: service concession arrangements
- BLM20155: Defining long funding leases: basic definition: lease in a sale and finance leaseback (CAA 2001, s 70K (1)(c))
- BLM20160: Defining long funding leases: basic definition: conditions for being a lease met after inception
- BLM20165: Defining long funding leases: basic definition: when to seek advice
- Close sectionBLM20200: Defining long funding leases: the three tests
- BLM20205: Defining long funding leases: the three tests: CAA 2001, s 70J
- BLM20206: Defining long funding leases: the three tests: the finance lease test
- BLM20221: Defining long funding leases: the three tests: the lease payments test
- BLM20255: Defining long funding leases: the three tests: the useful economic life test: CAA 2001, s 70P
- Close sectionBLM20300: Defining long funding leases: plant or machinery leased with other assets
- BLM20305: Defining long funding leases: plant or machinery leased with other assets: outline (CAA 2001, s 70L)
- BLM20310: Defining long funding leases: plant or machinery leased with other assets: mixed and derived leases (CAA 2001, s 70L)
- BLM20315: Defining long funding leases: plant or machinery leased with other assets: derived leases - terms and rentals
- BLM20320: Defining long funding leases: plant or machinery leased with other assets: derived lease term
- BLM20325: Defining long funding leases: plant or machinery leased with other assets: derived lease rentals
- BLM20330: Defining long funding leases: plant or machinery leased with other assets: derived lease examples
- Close sectionBLM20400: Defining long funding leases: exclusions from the definition of funding lease
- BLM20405: Defining long funding leases: exclusions from the definition of funding lease: CAA 2001, s 70J (3) - (6)
- BLM20410: Defining long funding leases: exclusions from the definition of funding lease: example 1
- BLM20415: Defining long funding leases: exclusions from the definition of funding lease: example 2
- Close sectionBLM20500: Defining long funding leases: funding leases that are not long funding leases
- Close sectionBLM22000: Defining long funding leases: amendments, transfers and assignments
- BLM22005: Introduction
- BLM22010: Amendments to a lease other than change of lessor or lessee
- BLM22015: Amendments to a lease other than change of lessor or lessee - term not extended
- BLM22020: Extension of term of long funding operating lease (CAA 2001, s 70YB)
- BLM22025: Extension of term of long funding finance lease
- BLM22030: Extension of term lease that is not a long funding lease (CAA 2001, s 70YC)
- BLM22035: Transfers, assignments - general
- BLM22040: Transfers by lessors (CAA 2001, s 70W)
- BLM22045: Transfers and rents receivable under the new lease
- BLM22050: Transfer by lessor of long funding operating lease - example
- BLM22055: Transfers by lessees (CAA 2001, s 70X)
- BLM22060: Meaning of transfer of plant or machinery
- BLM22065: Sale and leaseback, lease and lease back (CAA 2001, s 70Y)
- BLM22070: Change in accounting classification of a long funding lease (CAA 2001, s 70YA)
- BLM22075: Lease that is not a LFL - increase in proportion of residual amount guaranteed (CAA 2001, s 70YD)
- Close sectionBLM23000: Defining long funding leases: commencement and transition
- BLM23005: LFLs: commencement and transition: introduction
- BLM23010: LFLs: commencement and transition: basic rules: FA06/Sch8/Para15
- BLM23015: LFLs: commencement and transition: transitional rules: FA06/Sch8/Para15
- BLM23020: LFLs: commencement and transition: coming within the charge to tax on or after 1 April 2006
- BLM23025: LFLs: commencement and transition: excepted leases: FA06/Sch8/Para 17
- BLM23030: LFLs: commencement and transition: excepted leases: extended time limits: FA06/Sch8/Para 18
- BLM23035: LFLs: commencement and transition: excepted leases: extended time limits: abnormal events: FA06/Sch8/Para 19
- BLM23039: Defining long funding leases: commencement and transition: pre-existing heads of agreement
- BLM23080: LFLs: commencement and transition: lease not materially different from the pre-existing heads of agreement
- BLM23085: LFLs: commencement and transition: expenditure incurred before 19 July 2006
- Close sectionBLM24000: Defining long funding leases: election
- BLM24005: Defining long funding leases: election: introduction to SI2007/304
- BLM24010: Defining long funding leases: election: who can make an election? (SI2007/304 regulations 2 and 3)
- BLM24015: Defining long funding leases: election: plant or machinery lessor, SI2007/304 regulations 2
- BLM24020: Defining long funding leases: election: effect on lessee
- BLM24025: Defining long funding leases: election: effective date (SI2007/304 regulation 2(4))
- BLM24030: Defining long funding leases: election: consequences of making an election (SI2007/304 regulation 2(5))
- BLM24035: Defining long funding leases: election: how to make an election (SI2007/304 regulation 2(2))
- BLM24040: Defining long funding leases: election: time limit for making an election (SI2007/304 regulation 2(3))
- BLM24045: Defining long funding leases: election: withdrawing an election (SI2007/304 regulation 2(2))
- BLM24049: Defining long funding leases: election: eligible leases
- BLM24095: Defining long funding leases: election: qualifying incidental leases (SI2007/304 regulation 4)
- BLM24300: Defining long funding leases: election
- Close sectionBLM25000: Defining long funding leases: miscellaneous definitions
- BLM25005: Defining long funding leases: miscellaneous definitions: inception and commencement (CAA 2001, s 70YI)
- BLM25050: Defining long funding leases: miscellaneous definitions: assets that take a long time to construct
- BLM25099: Defining long funding leases: miscellaneous definitions: term of a lease
- BLM25145: Defining long funding leases: miscellaneous definitions: avoidance - term of lease artificially shortened
- BLM25150: Defining long funding leases: miscellaneous definitions: avoidance - term of lease artificially shortened - example
- BLM25200: Defining long funding leases: miscellaneous definitions: market value (CAA 2001, s 70Y(2))
- Close sectionBLM20005: Defining long funding leases: introduction
- Close sectionBLM30000: Taxation of leases that are not long funding leases
- Close sectionBLM30005: Taxation of leases that are not long funding leases: tax advantages
- BLM30010: Taxation of leases that are not long funding leases: tax advantages: introduction
- BLM30015: Taxation of leases that are not long funding leases: tax advantages: continued attraction of leasing
- BLM30020: Taxation of leases that are not long funding leases: tax advantages: timing advantages
- BLM30025: Taxation of leases that are not long funding leases: tax advantages: comparing profits from finance leasing and lending
- BLM30030: Taxation of leases that are not long funding leases: tax advantages: comparing leasing and lending - commercial accounting position
- BLM30035: Taxation of leases that are not long funding leases: tax advantages: comparing finance leasing and lending - tax position
- BLM30040: Taxation of leases that are not long funding leases: tax advantages: examples comparing a loan and a finance lease, part 1 of 3
- BLM30045: Taxation of leases that are not long funding leases: tax advantages: examples comparing commercial profits of the parties, part 2 of 3
- BLM30050: Taxation of leases that are not long funding leases: tax advantages: examples comparing taxable profits of the parties, part 3 of 3
- BLM30055: Taxation of leases that are not long funding leases: tax advantages: where the borrower or lessee is not liable to tax
- Close sectionBLM30200: Taxation of leases that are not long funding leases: How tax advantages arise
- BLM30205: Taxation of leases that are not long funding leases: How tax advantages arise: timing differences, part 1 of 4
- BLM30210: Taxation of leases that are not long funding leases: How tax advantages arise: timing differences - finance lessor, a worked example, part 2 of 4
- BLM30215: Taxation of leases that are not long funding leases: How tax advantages arise: timing differences - lender, a worked example - part 3 of 4
- BLM30220: Taxation of leases that are not long funding leases: How tax advantages arise: lessors timing advantages can be significant, a worked example part 4 of 4
- BLM30225: Taxation of leases that are not long funding leases: How tax advantages arise: effect of interest rates on lessor's timing advantages
- BLM30230: Taxation of leases that are not long funding leases: How tax advantages arise: ‘loan’ outstanding will vary because of capital allowances
- BLM30235: Taxation of leases that are not long funding leases: How tax advantages arise: tax timing disadvantages of finance leasing, a worked example
- Close sectionBLM30400: Taxation of leases that are not long funding leases: net present value and calculating rents
- BLM30405: Taxation of leases that are not long funding leases: net present value and calculating rents: importance of ‘net present value’ in leasing
- BLM30410: Taxation of leases that are not long funding leases: net present value and calculating rents: example of illustrating ‘net present value’
- BLM30415: Taxation of leases that are not long funding leases: net present value and calculating rents: cash flows
- BLM30420: Taxation of leases that are not long funding leases: net present value and calculating rents: lessor's timing advantage - finance lessor's approach
- Close sectionBLM30600: Taxation of leases that are not long funding leases: passing on the benefits
- BLM30605: Taxation of leases that are not long funding leases: passing on the benefits: who benefits from timing advantages?
- BLM30610: Taxation of leases that are not long funding leases: passing on the benefits: where lessee is not liable to tax - general
- BLM30615: Taxation of leases that are not long funding leases: passing on the benefits: benefits passed on to lessee
- BLM30620: Taxation of leases that are not long funding leases: passing on the benefits: where lessee is liable to tax
- BLM30625: Taxation of leases that are not long funding leases: passing on the benefits: where lessee is not liable to tax - overseas lessees
- BLM30630: Taxation of leases that are not long funding leases: passing on the benefits: finance lessors - risks caused by uncertainty
- BLM30635: Taxation of leases that are not long funding leases: passing on the benefits: rental profile - effect of CTA 2010, Part 21 and ITA 2007, Part 11A
- Close sectionBLM31000: Taxation of lease that are not long funding leases: overseas leasing
- Close sectionBLM31200: Taxation of leases that are not long funding leases: the tax benefits of operating leases that function as loans
- BLM31205: The tax benefits of operating leasing: operating leases that function as loans: introduction
- BLM31210: The tax benefits of operating leasing: operating leases that function as loans: calculating rentals: example, part 1 of 2
- BLM31215: The tax benefits of operating leasing: the tax benefits of operating leasing: example, part 2 of 2
- Close sectionBLM32000: Taxation of leases that are not long funding leases: finance lessees
- BLM32005: Taxation of leases that are not long funding leases: finance lessees: general issues
- BLM32200: Taxation of leases that are not long funding leases: finance lessees: taxation generally
- BLM32300: Taxation of leases that are not long funding leases: finance lessees: termination adjustments
- BLM32500: Taxation of leases that are not long funding leases: finance lessees: importance of lease term
- BLM32700: Taxation of leases that are not long funding leases: finance lessees: asset not depreciated
- BLM32800: Taxation of leases that are not long funding leases: finance lessees: pre-use rentals
- Close sectionBLM33000: Taxation of leases that are not long funding leases: finance lessors
- Close sectionBLM34000: Taxation of leases that are not long funding leases: leasing of fixtures
- BLM34005: Taxation of leases that are not long funding leases: leasing of fixtures: introduction
- BLM34010: Taxation of leases that are not long funding leases: leasing of fixtures: ‘deemed leases’
- BLM34015: Taxation of leases that are not long funding leases: leasing of fixtures: termination of leases
- BLM34020: Taxation of leases that are not long funding leases: leasing of fixtures: premature termination of lease
- Close sectionBLM35000: Taxation of leases that are not long funding leases: sale and leaseback
- BLM35005: Taxation of leases that are not long funding leases: sale and leaseback: introduction
- BLM35010: Taxation of leases that are not long funding leases: sale and leaseback: accounting treatment - general
- BLM35015: Taxation of leases that are not long funding leases: sale and leaseback: accounting treatment - accounting standards
- BLM35020: Taxation of leases that are not long funding leases: sale and leaseback: accounting as a refinancing exercise
- BLM35025: Taxation of leases that are not long funding leases: sale and leaseback: sale and finance leasebacks - tax adjustments
- BLM35026: Taxation of leases that are not long funding leases: sale and leaseback: Sale and finance leasebacks on or after 9 October 2007
- BLM35030: Taxation of leases that are not long funding leases: sale and leaseback: example; part 1 of 3
- BLM35035: Taxation of leases that are not long funding leases: sale and leaseback: example - accounting treatment where sale recognised; part 2 of 3
- BLM35040: Taxation of leases that are not long-funding leases: sale and leaseback: example - accounting where sale not recognised; part 3 of 3
- BLM35045: Taxation of leases that are not long funding leases: sale and leaseback: sale of asset for more than original cost
- BLM35050: Taxation of leases that are not long funding leases: sale and leaseback: leased assets made subject to a new finance lease
- BLM35055: Taxation of leases that are not long funding leases: sale and leaseback: tax treatment of sale - capital allowances
- BLM35060: Taxation of leases that are not long funding leases: sale and leaseback: application of sale proceeds
- BLM35065: Taxation of leases that are not long funding leases: sale and leaseback: application of sale proceeds - associated arrangements
- BLM35070: Taxation of leases that are not long funding leases: sale and leaseback: tax treatment of leaseback
- BLM35075: Taxation of leases that are not long funding leases: sale and leaseback: deductibility of rents under leaseback - ‘income-into-capital’ schemes
- Close sectionBLM36000: Taxation of leases that are not long funding leases: lease and leaseback
- Close sectionBLM37000: Taxation of leases that are not long funding leases: legal expenses
- BLM37005: Taxation of leases that are not long funding leases: legal expenses: Expenses of negotiating a lease
- BLM37010: Taxation of leases that are not long funding leases: legal expenses: revenue or capital expenditure
- BLM37015: Taxation of leases that are not long funding leases: legal expenses: incidental to creation of lease
- BLM37020: Taxation of leases that are not long funding leases: legal expenses: incidental to creation of lease - revenue argument
- BLM37025: Taxation of leases that are not long funding leases: legal expenses: incidental to creation of lease - capital argument
- BLM37030: Taxation of leases that are not long funding leases: legal expenses: capital allowances position
- BLM37035: Taxation of leases that are not long funding leases: legal expenses: timing of deduction for revenue expenditure
- BLM38000: Taxation of leases that are not long funding leases: operating leases
- Close sectionBLM39000: Taxation of leases that are not long funding leases: leases with option for lessee to purchase the leased asset
- BLM39005: Taxation of leases that are not long funding leases: leases with option for lessee to purchase the leased asset: whether CAA 2001, s 67 applies
- BLM39010: Taxation of leases that are not long funding leases: leases with option for lessee to purchase the leased asset: whether lessee incurs capital expenditure
- BLM39015: Taxation of leases that are not long funding leases: leases with option for lessee to purchase the leased asset: operating leases with market value option
- BLM39020: Taxation of leases that are not long funding leases: leases with option for lessee to purchase the leased asset: finance leases with market value option
- BLM39025: Taxation of leases that are not long funding leases: leases with option for lessee to purchase the leased asset: interaction of CAA 2001, s 67 and CAA 2001, s 70A
- Close sectionBLM30005: Taxation of leases that are not long funding leases: tax advantages
- Close sectionBLM40000: Taxation of income and expenditure under long funding leases
- Close sectionBLM40005: Taxation of long funding leases: basic principles
- BLM40010: Taxation of long funding leases: basic principles: introduction
- BLM40015: Taxation of long funding leases: basic principles: lessors - capital allowances
- BLM40020: Taxation of long funding leases: basic principles: lessors - income and expenditure
- BLM40025: Taxation of long funding leases: basic principles: definition of long funding finance lease and long funding operating lease
- BLM40030: Taxation of long funding leases: basic principles: disposal of plant and machinery in connection with long funding leases
- Close sectionBLM40100: Taxation of long funding leases: long funding finance lessors
- BLM40105: Taxation of long funding leases: long funding finance lessors: rental earnings
- BLM40110: Taxation of long funding leases: long funding finance lessors: example of rental earnings other than finance charges
- BLM40115: Taxation of long funding leases: long funding finance lessors: exceptional items
- BLM40120: Taxation of long funding leases: long funding finance lessors: amount falling to be recognised for accounting purposes
- BLM40125: Taxation of long funding leases: long funding finance lessors: example of exceptional item
- BLM40130: Taxation of long funding leases: long funding finance lessors: termination
- BLM40135: Taxation of long funding leases: long funding finance lessors: bad debts
- Close sectionBLM41000: Taxation of long funding leases: long funding operating lessors
- BLM41005: Taxation of long funding leases: long funding operating lessors: introduction
- BLM41010: Taxation of long funding leases: long funding operating lessors: ‘Starting value’
- BLM41015: Taxation of long funding leases: long funding operating lessors: periodic deduction - basic example
- BLM41020: Taxation of long funding leases: long funding operating lessors: additional capital expenditure
- BLM41025: Taxation of long funding leases: long funding operating lessors: extension of term of long funding operating leases (CAA 2001, s 70YB)
- BLM41030: Taxation of long funding leases: long funding operating lessors: extension of term of long funding operating leases - example
- BLM41035: Taxation of long funding leases: long funding operating lessors: termination - general
- BLM41040: Taxation of long funding leases: long funding operating lessors: lease terminates as expected; part 1 of 2
- BLM41045: Taxation of long funding leases: long funding operating lessors: lease terminates early, part 2 of 2
- BLM41050: Taxation of long funding leases: long funding operating lessors: termination amount
- BLM41055: Taxation of long funding leases: long funding operating lessors: bad debts
- BLM41060: Taxation of long funding leases: Long funding lessors: Anti avoidance provisions - introduction
- BLM41065: Taxation of long funding leases: Long funding lessors: Anti-avoidance provisions - Sections 370-371
- BLM41066: Taxation of Long funding leases: Long funding lessors: Anti-avoidance provisions: “other Avoidance - CTA 2010, s 373-CTA 2010, s 375
- BLM41070: Taxation of long funding leases: Long funding lessors: Anti-Avoidance provisions - CTA 2010, s 376
- Close sectionBLM42000: Taxation of long funding leases: lessees
- BLM42005: Taxation of long funding leases: Lessees: General rules
- BLM42010: Taxation of long funding leases: Lessees: Entitlement to capital allowances
- BLM42015: Taxation of long funding leases: Lessees: Capital expenditure
- BLM42020: Taxation of long funding leases: Lessees: Additional capital expenditure
- BLM42025: Taxation of long funding leases: Lessees: Lease rental restriction - Introduction
- BLM42030: Taxation of long funding leases: Lessees: Limit on deductions
- BLM42035: Taxation of long funding leases: Lessees: Terminations:
- BLM42040: Taxation of long funding leases: Lessees: Limit on deductions
- Close sectionBLM40005: Taxation of long funding leases: basic principles
- Close sectionBLM50000: IFRS 16 leases
- BLM50005: Introduction to taxation of IFRS 16 lessees
- BLM50010: Commercial and tax impact of IFRS 16
- Close sectionBLM51000: Taxation of IFRS 16 leases
- BLM51005: Taxation of short leases
- BLM51010: Particular taxation issues for IFRS 16 lessees
- BLM51015: Taxation of IFRS 16 lessees: example
- BLM51020: Impairments
- BLM51025: Finance lease under old UK GAAP
- BLM51030: Long funding leases and the funding lease test
- BLM51035: Taxation of long funding leases
- BLM51040: Long funding leases with variable rentals
- BLM51045: Early adoption of IFRS 16
- Close sectionBLM52000: The spreading rules
- BLM52005: The spreading rules
- BLM52010: The basic calculation
- BLM52015: The spreading rules: Example 1
- BLM52020: Transfer of a lease
- BLM52020: Transfer of a lease
- BLM52025: Cessation
- BLM52030: Example 2
- BLM52035: Impairment
- BLM52040: Example 3
- BLM52045: Future Periods
- BLM52050: Early Adopters
- BLM52055: Example 4
- Close sectionBLM60000: Plant and Machinery Leasing Anti-Avoidance
- Close sectionBLM61000: Plant and machinery leasing - Anti-avoidance: Non-long funding lease rules
- BLM61005: Plant and machinery leasing - Anti-avoidance: Non-long funding lease rules: Sale and finance leasebacks - Connected Parties
- BLM61010: Plant and machinery leasing - Anti-avoidance: Non-long funding lease rules: Sale and finance leasebacks by loss makers
- BLM61020: Plant and machinery leasing - Anti-avoidance: Non-long funding lease rules: Double benefit leasing - background
- BLM61030: Plant and machinery leasing - Anti-avoidance: Non-long funding lease rules: Double benefit leasing - BLM61020 type arrangements
- BLM61040: Plant and machinery leasing - Anti-avoidance: Non-long funding lease rules: Restriction to the deductions available to lessee -sale or lease and leaseback
- BLM61045: Plant and machinery leasing - Anti-avoidance: Non-long funding lease rules: Restriction on lessee deductions - termination of lease
- BLM61050: Plant and machinery leasing - Anti-avoidance: Non-long funding lease rules: Computation of lessor's profits where lessee restriction to lease rental deduction has applied
- BLM61055: Plant and machinery leasing - Anti-avoidance: Non-long funding lease rules: Finance leaseback - Lessor income restriction - termination of lease
- BLM61060: Plant and machinery leasing - Anti-avoidance: Non-long funding lease rules: Finance leaseback - Leaseback not a finance lease for lessee
- BLM61070: Plant and machinery leasing - Anti-avoidance: Non-long funding lease rules: Finance leaseback - subject to further operating lease
- BLM61080: Plant and machinery leasing - Anti-avoidance: Non-long funding lease rules: Finance leaseback - Transitional provisions - Introduction
- BLM61081: Plant and machinery leasing - Anti-avoidance: Non-long funding lease rules: Finance leaseback - Transitional provisions - Section 228B
- BLM61082: Plant and machinery leasing - Anti-avoidance: Non-long funding lease rules: Finance leaseback - Transitional provisions - Section 228C
- BLM61083: Plant and machinery leasing - Anti-avoidance: Non-long funding lease rules: Finance leaseback - Transitional provisions - Sections 228D and 228E
- BLM61090: Plant and machinery leasing - Anti-avoidance: Non-long funding lease rules: Sale / Lease and leaseback arrangements post 9 October 2007
- Close sectionBLM62000: Plant and machinery leasing - Anti-avoidance: Long funding lease rules
- Close sectionBLM63000: Plant and machinery leasing - Anti-avoidance: Long funding lease / Non-long funding lease interaction
- BLM63010: Plant and machinery leasing - Anti-avoidance: Long funding lease / Non-long funding lease interaction: Mismatched lease chains
- BLM63020: Plant and machinery leasing - Anti-avoidance: Long funding lease / Non-long funding lease interaction: Premium paid for grant of long funding lease
- BLM63030: Plant and machinery leasing - Anti-avoidance: Long funding lease / Non-long funding lease interaction: Premiums and other Capital payments treated as income
- BLM63040: Plant and machinery leasing - Anti-avoidance: Long funding lease / Non-long funding lease interaction: Financial concerns dealing in long funding leases
- BLM63050: Plant and machinery leasing - Anti-avoidance: Long funding lease / Non-long funding lease interaction: International leasing
- BLM63060: Plant and machinery leasing - Anti-avoidance: long funding lease / Non-long funding lease interaction: Film leasing
- Close sectionBLM64000: Plant and machinery leasing - Anti-avoidance: Sales of lease rental streams - Capital Allowances and Rental Rebates
- BLM64005: Plant and machinery leasing - Anti-avoidance: Sales of lease rental streams - Capital Allowances and Rental Rebates: introduction
- BLM64010: Plant and machinery leasing - Anti-avoidance: Sales of lease rental streams - Capital Allowances and Rental Rebates: Claim to Capital Allowances before 9 December 2009
- BLM64015: Plant and machinery leasing - Anti-avoidance: Sales of lease rental streams - Capital Allowances and Rental Rebates: Claim to Capital Allowances on or after 9 December 2009
- BLM64020: Plant and machinery leasing - Anti-avoidance: Sales of lease rental streams - Capital Allowances and Rental Rebates: Rental Rebates paid before 9 December 2009
- BLM64025: Plant and machinery leasing - Anti-avoidance: Sales of lease rental streams - Capital Allowances and Rental Rebates: Rental Rebates paid on or after 9 December 2009
- Close sectionBLM61000: Plant and machinery leasing - Anti-avoidance: Non-long funding lease rules
- Close sectionBLM70000: Income-into-capital' schemes and back loaded lease
- Close sectionBLM70005: ‘Income-into-capital’ schemes and back loaded leases: Introduction to back-loaded leases
- BLM70006: ‘Income-into-capital’ schemes and back loaded leases: Legislation
- BLM70010: ‘Income-into-capital’ schemes and back loaded leases: Introduction to back-loaded leases: why avoidance
- BLM70015: ‘Income-into-capital’ schemes and back loaded leases: Introduction to back-loaded leases: pre-FA97/Sch 12
- BLM70020: ‘Income-into-capital’ schemes and back loaded leases: Introduction to back-loaded leases: lessors' earnings within property income
- BLM70025: ‘Income-into-capital’ schemes and back loaded leases: Introduction to back-loaded leases: lessors' within trading income
- BLM70030: ‘Income-into-capital’ schemes and back loaded leases: Introduction to back-loaded leases: comparison of tax and commercial profit
- BLM70035: ‘Income-into-capital’ schemes and back loaded leases: Introduction to back-loaded leases: worked example of commercial and tax profits pre FA97/Sch12
- BLM70040: ‘Income-into-capital’ schemes and back loaded leases: Introduction to back-loaded leases: negative depreciation
- Close sectionBLM70200: ‘Income-into-capital’ schemes and back loaded leases: Introduction to ‘income-into-capital’ schemes
- BLM70201: ‘Income-into-capital’ schemes and back loaded leases: Introduction to ‘income-into-capital’ schemes: pre-FA97/Sch 12
- BLM70205: ‘Income-into-capital’ schemes and back loaded leases: Introduction to ‘income-into-capital’ schemes: Overview of Part 21 of CTA 2010
- BLM70210: ‘Income-into-capital’ schemes and back loaded leases: Introduction to ‘income-into-capital’ schemes: Capital allowances overview
- BLM70215: ‘Income-into-capital’ schemes and back loaded leases: Introduction to ‘income-into-capital’ schemes: Chapter 2 of Part 21 CTA 2010 - ‘income-into-capital’ schemes
- BLM70220: ‘Income-into-capital’ schemes and back loaded leases: Introduction to ‘income-into-capital’ schemes: Chapter 2 of Part 21 of CTA 2010 - capital allowances
- BLM70225: ‘Income-into-capital’ schemes and back loaded leases: Introduction to ‘income-into-capital’ schemes: Chapter 2 of Part 21 of CTA 2010 - consolidated accounts
- BLM70230: ‘Income-into-capital’ schemes and back loaded leases: Introduction to ‘income-into-capital’ schemes: Chapter 3 of Part 21 of CTA 2010 - back-loaded finance leases
- BLM70235: ‘Income-into-capital’ schemes and back loaded leases: Introduction to ‘income-into-capital’ schemes: Chapter 3 of Part 21 of CTA 2010 - overview of accountancy treatment
- BLM70240: ‘Income-into-capital’ schemes and back loaded leases: Introduction to ‘income-into-capital’ schemes: worked example of main principles
- Close sectionBLM70400: ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 CTA 2010 lease
- BLM70401: ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 of CTA 2010 lease: introduction
- BLM70405: ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 of CTA 2010 lease: computational effects
- BLM70410: ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 of CTA 2010 lease: what counts as a lease of an asset
- BLM70415: ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 of CTA 2010 lease: the five conditions
- BLM70420: ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 of CTA 2010 lease: the five conditions to be satisfied simultaneously
- BLM70425: ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 CTA 2010 lease: Condition A
- BLM70515: ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 of CTA 2010 lease: Condition B
- BLM70550: ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 of CTA 2010 lease: Condition C
- BLM70560: ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 of CTA 2010 lease: Condition D
- BLM70640: ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 of CTA 2010 lease: Condition E
- BLM70680: ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 of CTA 2010 lease: leases ceasing to come within Chapter 2
- BLM70685: ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 of CTA 2010 lease: leases ceasing to come within Chapter 2 - assignments
- BLM70690: ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 of CTA 2010 lease: leases ceasing to come within Chapter 2 - connected persons
- BLM70695: ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 CTA 2010 lease: assignment to unconnected person
- BLM70700: ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 CTA 2010 lease: assignment to connected person - taking over cumulative excesses
- BLM70705: ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 CTA 2010 lease: Leasing partnerships
- Close sectionBLM70800: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases
- BLM70801: ‘Income-into-capital’ schemes and back loaded leases: Back loaded leases: taxing the ‘accountancy rental earnings’
- BLM70805: ‘Income-into-capital’ schemes and back loaded leases: Back loaded leases: accountancy rental earnings - definition
- BLM70810: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: rental earnings
- BLM70815: ‘Income-into-capital’ schemes and back loaded leases: Back loaded leases: accountancy rental earnings
- BLM70820: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: accountancy rental earnings - connected persons and consolidated accounts
- BLM70825: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: normal rent
- BLM70830: ‘Income-into-capital’ schemes and back loaded leases: Back loaded leases: normal rent - property income
- BLM70835: ‘Income-into-capital’ schemes and back loaded leases: Back loaded leases: normal rent - trading income
- BLM70845: ‘Income-into-capital’ schemes and back loaded leases: Back loaded leases: negative depreciation - new leases
- BLM70850: ‘Income-into-capital’ schemes and back dated leases: Back loaded leases: period of account
- BLM70855: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: periods of account straddling 26 November 1996
- BLM70860: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: accountancy rental earnings - when they accrue, a worked example
- BLM70865: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: normal rent - when it accrues
- BLM70870: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: comparing accountancy rental earnings and normal rent
- BLM70875: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: where accountancy rental earnings and normal rent are the same
- BLM70880: ‘Income-into-capital’ schemes and back loaded lease: Back loaded leases: CTA 2010, s 928 - approach in practice
- Close sectionBLM71000: ‘Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes
- BLM71001: ‘Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes: summary
- BLM71005: ‘Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes: comparison with ordinary loan
- BLM71010: ‘Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes: how the typical scheme works
- BLM71015: ’Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes: rental profiles
- BLM71020: ’Income-into-capital’ schemes and back loaded lease: ‘Income-into-capital’ schemes: capital allowances, part 1 of 2
- BLM71025: ’Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes: the effect of the deal, part 2 of 2
- BLM71030: ’Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes: objectionable features
- BLM71035: ’Income-into-capital’ schemes and back-loaded leases: ‘Income-into-capital’ schemes: other features
- BLM71040: ’Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes: borrower carries all the tax risks
- BLM71045: ’Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes: commercial reality
- BLM71050: ’Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes: finance lessee's position
- BLM71055: ’Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes: purchase option
- BLM71060: ’Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes: lessee's accountancy treatment
- BLM71065: ’Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes: lessee's group
- BLM71300: ’Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes: example, part 1 of 5
- BLM71305: ’Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes: example, part 2 of 5 -accountancy treatment - detail
- BLM71310: ’Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes: example, part 3 of 5 - lessor's tax treatment
- BLM71315: ’Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes: example part 4 of 5, tax treatment - purchase option
- BLM71320: ’Income-into-capital’ schemes and back loaded leases: ‘income-into-capital’ schemes: example part 5 of 5 - effect of Chapter 2 of Part 21 of CTA 2010
- BLM71400: ’Income-into-capital’ schemes and back loaded leases: ‘Income-into-capital’ schemes: Purchase options
- Close sectionBLM72000: ’Income-into-capital’ schemes and back loaded leases: Relief for set-offs against rentals
- BLM72001: ’Income-into-capital’ schemes and back loaded leases: Relief for set-offs against rentals: avoidance of double taxation - rental excesses
- BLM72005: ’Income-into-capital’ schemes and back loaded leases: Relief for set-offs against rentals: avoidance of double taxation - function of the rental excess reliefs
- BLM72010: ’Income-into-capital’ schemes and back loaded leases: Relief for set-offs against rentals: features of rental excess reliefs
- BLM72011: ’Income-into-capital’ schemes and back loaded leases: Relief for set-offs against rentals: cumulative accountancy rental excess
- BLM72070: ’Income-into-capital’ schemes and back loaded leases: Relief for set-offs against rentals: CGT disposal not of asset outright
- BLM72075: ’Income-into-capital’ schemes and back loaded leases: Relief for set-offs against rentals: part disposal of asset
- BLM72080: ’Income-into-capital’ schemes and back loaded leases: Relief for set-offs against rentals: disposal of asset ‘representing’ leased asset
- BLM72085: ’Income-into-capital’ schemes and back loaded leases: Relief for set-offs against rentals: part disposal of asset ’representing’ leased asset
- BLM72090: ’Income-into-capital’ schemes and back loaded leases: Relief for set-offs against rentals: series of disposals
- BLM72095: ’Income-into-capital’ schemes and back loaded leases: Relief for set-offs against rentals: simultaneous disposals
- BLM72100: ’Income-into-capital’ schemes and back loaded leases: Relief for set-offs against rentals: interaction with general CGT rules
- BLM72105: ’Income-into-capital’ and back loaded leases: Relief for set-offs against rentals: rental excesses - approach in practice
- BLM72106: ’Income-into-capital’ schemes and back loaded leases: Relief for set-offs against rentals: cumulative normal rental excess
- Close sectionBLM73000: ’Income-into-capital’ schemes and back loaded leases: Capital allowances
- BLM73001: ’Income-into-capital’ schemes and back loaded leases: Capital allowances: introduction
- BLM73005: ‘Income-into-capital’ schemes and back loaded leases: Capital allowances: avoidance of balancing adjustments - ‘major lump sum’
- BLM73010: ’Income-into-capital’ schemes and back loaded leases: Capital allowances: disposal proceeds more than cost of asset
- BLM73015: ’Income-into-capital’ schemes and back loaded leases: Capital allowances: disposal proceeds less than cost of asset
- BLM73020: ’Income-into-capital’ schemes and back loaded leases: Capital allowances: disposal proceeds less than cost of asset - a worked example
- BLM73025: ’Income-into-capital’ schemes and back loaded leases: Capital allowances: double taxation
- BLM73030: ’Income-into-capital’ schemes and back loaded leases: Capital allowances: variation of lease terms
- BLM73035: ’Income-into-capital’ schemes and back loaded leases: Capital allowances: restriction on disposal proceeds
- BLM73040: ’Income-into-capital’ schemes and back loaded leases: Capital allowances: machinery and plant
- BLM73045: ’Income-into-capital’ schemes and back loaded leases: Capital allowances: industrial buildings allowances
- BLM73055: ’Income-into-capital’ schemes and back loaded leases: Capital allowances: allowances for costs relating to waste disposal sites and cemeteries
- BLM73060: ’Income-into-capital’ schemes and back loaded leases: Capital allowances: contributions to lessor's capital expenditure
- BLM73065: ’Income-into-capital’ schemes and back loaded lease: Capital allowances: timing of recovery charge
- Close sectionBLM74000: ’Income-into-capital’ schemes and back loaded leases: Bad debts
- BLM74001: ’Income-into-capital’ schemes and back loaded leases: Bad debts: lessor's rentals within trading income
- BLM74005: ’Income-into-capital’ schemes and back loaded leases: Bad debts: lessor's rentals within trading income - interaction with excess reliefs
- BLM74010: ’Income-into-capital’ schemes and back loaded leases: Bad debts: trading income - example
- BLM74015: ’Income-into-capital’ schemes and back loaded leases: Bad debts: reducing cumulative accountancy rental excess
- BLM74020: ’Income-into-capital’ schemes and back loaded leases: Bad debts: where accountancy rentals exceed normal rent
- BLM74025: ’Income-into-capital’ schemes and back loaded leases: Bad debts: where the normal rent is taxed
- BLM74030: ’Income-into-capital’ schemes and back loaded leases: Bad debts: where the normal rent is taxed - a worked example
- BLM74035: ’Income-into-capital’ schemes and back loaded leases: Bad debts: reducing cumulative accountancy rental excess - general practical effect
- BLM74040: ’Income-into-capital’ schemes and back loaded leases: Bad debts: reducing cumulative accountancy rental excess - where there will be a practical effect
- BLM74045: ’Income-into-capital’ and back loaded leases: Bad debts: trading income - reducing cumulative normal rental excess
- Close sectionBLM74300: ’Income-into-capital’ schemes and back loaded leases: Lease changes
- BLM74301: ’Income-into-capital’ schemes and back loaded leases: Lease changes: introduction
- BLM74305: ’Income-into-capital’ schemes and back loaded leases: Lease changes: effect of other changes in leasing arrangements
- BLM74310: ’Income-into-capital’ schemes and back loaded leases: Lease changes: affecting a lease within Chapter 2 of Part 21 CTA 2010
- BLM74315: ’Income-into-capital’ schemes and back loaded leases: Lease changes: ‘new’ operating lease becomes a finance lease
- BLM74320: ’Income-into-capital’ schemes and back loaded leases: Lease changes: ‘new’ Chapter 3 of Part 21 of CTA 2010 lease becomes Chapter 2 lease
- BLM74325: ’Income-into-capital’ schemes and back loaded leases: Lease changes: existing operating lease becomes a lease within Chapter 3 of Part 21 of CTA 2010
- BLM74330: ’Income-into-capital’ schemes and back loaded leases: Lease changes: finance lease within Chapter 3 of Part 21 of CTA 2010 becomes an operating lease
- BLM74335: ’Income-into-capital’ schemes and back loaded leases: Lease changes: catching-up charge - ‘existing’ lease first comes within Chapter 2 of Part 21 of CTA 2010
- BLM74340: ’Income-into-capital’ schemes and back loaded leases: lease changes: catching-up charge - terms of ‘existing’ finance lease changed
- BLM74345: ’Income-into-capital’ schemes and back loaded leases: Lease changes: catching-up charge - ‘existing’ operating lease becomes a lease with Chapter 2 of Part 21 of CTA 2010
- BLM74350: ’Income-into-capital’ schemes and back loaded leases: Lease changes: ‘new’ lease first comes within Chapter 2 of Part 21 of CTA 2010 - no catching-up charge
- BLM74355: ’Income-into-capital’ schemes and back loaded leases: Lease changes: calculation of catching-up charge
- BLM74360: ’Income-into-capital’ schemes and back loaded leases: Lease changes: catching-up charge - deemed periods of account
- BLM74365: ’Income-into-capital’ schemes and back loaded leases: Lease changes: catching-up charge - deemed periods of account - cumulative excesses
- BLM74380: ’Income-into-capital’ schemes and back loaded leases: Lease changes: catching-up charge - consequences
- BLM74385: ’Income-into-capital’ schemes and back loaded leases: Lease changes: cumulative normal rental excess
- Close sectionBLM74600: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases
- BLM74601: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: deferral of tax leases
- BLM74605: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: purpose
- BLM74610: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: definition of a lease within Chapter 3
- BLM74615: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: first condition - lease granted on or after 26 November 1996
- BLM74620: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: first condition - lease of real property
- BLM74625: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: alteration of lease granted before 26 November 1996
- BLM74630: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: second condition - post-25 November 1996 scheme
- BLM74635: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: second condition - terms of contract unconditional at 26/11/96
- BLM74640: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: second condition - terms of contract conditional at 26/11/96
- BLM74645: ’Income-into-capital’ schemes and back loaded: Back loaded leases: second condition - existence of written contract
- BLM74650: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: second condition - material difference
- BLM74655: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: second condition requirements
- BLM74660: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: third condition - finance lease or loan
- BLM74665: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: fourth condition - a lease within Chapter 2 of Part 21 of CTA 2010
- BLM74670: ’Income-into-capital’ schemes and back loaded leases: Back loaded leases: computation of rentals
- BLM74675: ’Income-into-capital’ schemes and back loaded leases: Back Loaded leases: Chapter 3 lease subsequently comes within Chapter 2
- Close sectionBLM70005: ‘Income-into-capital’ schemes and back loaded leases: Introduction to back-loaded leases
- Close sectionBLM80000: Sale of lessor companies and similar arrangements
- Close sectionBLM80005: Introduction and background: contents
- Close sectionBLM80100: Business of leasing plant or machinery: contents
- BLM80105: Identifying transactions that are affected
- BLM80110: Meaning of carrying on a business of leasing plant or machinery - transactions on or after 23 March 2011
- BLM80112: Meaning of carrying on a business of leasing plant or machinery - transactions before 23 March 2011
- BLM80115: Condition A - the plant or machinery test
- BLM80120: The accounting value of plant or machinery - transactions on or after 23 March 2011
- BLM80122: The accounting value of plant or machinery - transactions before 13 November 2008
- BLM80123: The accounting value of plant or machinery - transactions on or after 13 November 2008 and before 23 March 2011
- BLM80124: Adjustments to the balance sheet figures: contents
- BLM80150: Meaning of ‘leased out plant or machinery’ - transactions on or after 13 March 2011
- BLM80152: Meaning of ‘qualifying associate’- transactions on or after 23 March 2011
- BLM80153: Meaning of ‘qualifying leased plant or machinery’ - transactions before 23 March 2011
- BLM80155: Condition A - Business of leasing plant or machinery - example
- BLM80157: Condition A - business of leasing plant or machinery - example - transactions before 13 November 2008
- BLM80158: Condition A - business of leasing plant or machinery - example - transactions on or after 13 November 2008 and before 23 March 2011
- BLM80160: Condition B – income from a leasing business
- Close sectionBLM80300: Establishing change of ownership: contents
- BLM80305: Qualifying change of ownership
- BLM80310: Identifying the principal company - groups
- BLM80315: Identifying a qualifying change in ownership
- BLM80319: Consortia: contents
- BLM80338: Entry into Tonnage Tax
- BLM80340: Meaning of 75% or 90% subsidiary etc
- BLM80350: Control and companies without share capital (FA06/Sch10/Para15)
- BLM80360: Exceptions to qualifying change of ownership
- BLM80365: Exceptions to qualifying change of ownership - consortia
- BLM80370: Exceptions to qualifying change of ownership - election out of charge: contents
- Close sectionBLM80500: Calculating the income amount: contents
- BLM80505: Introduction
- BLM80510: Outline
- BLM80515: Quantifying the PM amount transactions before 13 November 2008
- BLM80517: Quantifying the PM amount - transactions on or after 13 November 2008
- BLM80520: Adjustments to the balance sheet figures - fixture in land
- BLM80525: Adjustments to the balance sheet figures - transfer to the lessor company from a connected party
- BLM80530: Quantifying the TWDV amount
- BLM80532: Quantifying the TWDV amount - transactions on or after 23 March 2011
- BLM80535: Quantifying the income amount - example
- BLM80539: Adjustments to the basic amount - transactions involving consortia: contents
- Close sectionBLM81000: Partnerships: contents
- BLM81005: Introduction
- BLM81010: Effect of the sale of lessor company legislation
- BLM81015: Identifying transactions that are affected
- BLM81020: Meaning of qualifying change in company's interest in a business
- BLM81025: Identifying a qualifying change
- BLM81030: Identifying a qualifying change - more complex arrangements
- BLM81035: Identifying a qualifying change in the ownership of a partner company
- BLM81040: Meaning of business of leasing plant or machinery
- BLM81042: Identifying ‘relevant transferred plat or machinery’
- BLM81043: Meaning of ‘qualified associate’
- BLM81045: Change in a partner company's interest in the business - meaning of ‘relevant transferred plant or machinery’
- BLM81050: Change in ownership of a partner company - meaning of ‘associated company of the relevant company’
- BLM81054: Partnerships involving consortia: contents
- BLM81070: Quantifying the basic income amount
- BLM81075: Quantifying the PM amount
- BLM81080: Quantifying the TWDV figure amount - CTA 2010, s 421
- BLM81082: Quantifying the TWDV figure amount - CTA 2010, s 421
- BLM81085: Amount of income - change in partner company's interest in the partnership
- BLM81090: Amount of expense - change in partner company's interest in the partnership
- BLM81095: Amount of income - change in ownership of partner company
- BLM81100: Amount of income - change in ownership of partner company
- Close sectionBLM82000: Anti-avoidance: contents
- BLM82005: Tackling anti-avoidance
- BLM82010: Meaning of ‘relevant leasing income’
- BLM82015: Application of sections 432
- BLM82020: Losses carried forward derived from the expense (FA06/SCH10/PARA39)
- BLM82025: Relationship of Schedule 10 with CAA 2001, s 228K (FA06/SCH10/PARA40)
- BLM82030: Manipulation of balance sheet values - introduction
- BLM82035: Manipulation of balance sheet values – main purpose test
- BLM82037: Manipulation of certain amounts
- BLM82040: Meaning of ‘arrangements’
- BLM82045: Meaning of ‘relevant tax advantage’
- BLM82050: Example showing effect of section 435 CTA2010
- BLM82055: Liabilities used to reduce balance sheet values CTA 2010, s 436
- BLM82060: Interaction between paragraphs CTA 2010, s 435 and CTA 2010, s 436
- BLM82065: Restriction on use of losses
- BLM82070: Losses carried forward derived from the expense