Budget 2004: Other Property Taxation Announcements

Double-Benefit Leasing

New legislation will apply from 17 March 2004 to restrict for lessees the rents allowed for tax
purposes under existing and new sale and leaseback and lease and leaseback arrangements.
The legislation will apply to lessees who account for the leaseback as a finance lease in their solo
accounts or in group consolidated accounts. It will restrict the tax deduction for lease rentals
payable by the lessee to the finance charge element shown in the lessee’s accounts and i... (596 more words)

Member login

If you are a member of the Workplace Law
Network, please enter your details below

My email address
My password
Keep me logged in:
	I've forgotten my password

Protecting your data

We take data protection very seriously. We will never share your data with third parties. We process data in accordance with: the Data Protection Act 1998; the 11th edition of the British Code of Advertising, Sales Promotion and Marketing Practice; and the DMA Direct Marketing Code of Practice.