BLM32015 | Taxation of leases that are not long funding leases: finance lessees: general issues: examining the lease agreement

Information that might be extracted from the lease includes

• the terms, particularly information on rentals and options, that will affect how the lease is classified for accountancy and whether or not the lease is a long funding lease - see BLM32020

• the structure of the lease - its possible effects, notably on timing of deduction for rents - see BLM32025

• why the leasing transaction has been undertaken - see BLM32030.