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Contents

Official guidance
Business Leasing Manual

BLM22000 · 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 - terms not extended
  • BLM22020 · Extension of term of long funding operating lease (CAA01/S70YB)
  • BLM22025 · Extension of term of long funding finance lease
  • BLM22030 · Extension of term of lease that is not a long funding finance lease (CAA01/S70YC)
  • BLM22035 · Transfers, assignments - general
  • BLM22040 · Transfers by lessors (CAA01/S70W)
  • BLM22045 · Transfers and rents receivable under the new lease
  • BLM22050 · Transfers by lessor of long funding operating lease - example
  • BLM22055 · Transfers by lessees (CAA01/S70X)
  • BLM22060 · Meaning of a transfer of plant or machinery
  • BLM22065 · Sale and lease back, lease and lease back (CAA01/S70Y)
  • BLM22070 · Change in accounting classification of a long funding lease (CAA01/S70YA)
  • BLM22075 · Lease that is not a LFL - increase in proportion of residual amount guaranteed (CAA01/S70YD)
  1. Defining long funding leases: amendments, transfers and assignments: contents
  2. Defining long funding leases: amendments, transfers and assignments: extension of term of long funding finance lease

BLM22025 | Defining long funding leases: amendments, transfers and assignments: extension of term of long funding finance lease

From HM Revenue & Customs · Business Leasing Manual

In most cases a long funding finance lease will contain an option to extend the lease term for the useful life of the asset and there is no equivalent provision to CAA01/S70YB for long funding finance leases.

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