search query: @indexterm LEASING / total: 316
reference: 79 / 316
| Author: | Rayney, P. |
| Title: | Finance Lease Rentals: SSAP 21 Rules OK? |
| Journal: | Accountancy
1992 : JULY, p.79-80 |
| Index terms: | TAXATION LEASING ACCOUNTING |
| Language: | eng |
| Abstract: | In April 1991, the Inland Revenue introduced a basic change in the tax deduction rules for finance lease. Finance lease is defined as one 'that transfers substantially all the risks and rewards of ownership to the lessee'. The Revenue statement requires finance lease rentals to be allocated on the basis of the accounting treatment prescribed by SSAP 21. |
SCIMA