BLM70495 | ‘Income-into-capital’ schemes and back loaded leases: Definition of a Chapter 2 of Part 21 of CTA 2010 lease: Condition A: Deemed different treatment in group consolidated accounts - unincorporated lessors

An unincorporated lessor is deemed to draw up its accounts in accordance with GAAP. But that rule does not extend as far as requiring leasing arrangements undertaken by an unincorporated lessor to be included in the consolidated group accounts deemed to be drawn up in accordance with those standards.