Lessor's tax position
Accountancy rental earnings
Allocation of rentals under leases
Bad debts
Capital gains
Deemed disposal and reacquisition of asset
Indexation allowance
Receipt of a capital sum under the lease
Restriction of losses
Rules subject to CTA 2010, Pt. 21
Sale of equipment
Taper relief
Capital payments in respect of a lease
Court ruling for lessees
Finance Act 1997 changes
Conditions of Ch. 2
Provisions
Purpose
Generally
Income profits as non-trader
Computation of miscellaneous income
Interest relief
Rental income
Income profits as trader
Long funding lease, taxation of the lessor
Accounting profits and taxable profits, difference
Finance lease
Generally
Lessee under a lease
Operating lease
Operating lease – additional calculation on termination
Operating lease – periodic deduction
Operating lease example
Plant or machinery as trading stock
Subletting when interest is acquired through a lease
Other provisions
Recognition of profits
Sale and finance lease-back
Generally
Separating trades
Trading expenses and interest
Bad debt relief
Generally
Interest on borrowed funds
Rebate of rentals