Finance Leasing Manual - FLMCont00

Finance Leasing Manual: main contents

MAIN CONTENTS

Introduction to leasing
Overview of lease accounting and taxation
Tax and other benefits of finance leasing
Accountancy treatment of finance leasing
Tax treatment of finance leasing
How tax benefits of finance leasing arise
Finance lessees: accountancy treatment
Finance lessees: tax treatment of rentals paid
Finance lessees: further issues
Finance lessees: sale and leaseback
Provisions under which lessors' income is taxed
Basis on which lessors' income is taxed
Intermediate lessors
Back-loaded leases: accountancy treatment
Back-loaded leases: avoidance
Schedule 12 FA 1997: Part I: introduction
Schedule 12 FA 1997: 'Income-into-capital' schemes
Schedule 12 FA 1997: 'Income-into-capital' schemes: example
Schedule 12 FA 1997: purchase option
Schedule 12 FA 1997: definition of Part I lease
Schedule 12 FA 1997: accountancy rental earnings
Double taxation avoidance
Schedule 12 FA 1997: bad and doubtful debts
Schedule 12 FA 1997: capital allowances
Schedule 12 FA 1997: lease changes
Schedule 12 FA 1997: Part II: introduction
Finance lessors: legal expenses
Finance lessors: grossing up
Finance lessors: reinvestment income
Finance lessors: bad debts
Accounting standards
FRS2
Appendix 1: Statement of Practice 3/91
Appendix 2: Tax Bulletin article 15A, February 1995
Appendix 3: Notes on Clauses in first print of Finance Bill 1997
Appendix 4: Published Notes on Finance Bill amendments

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