Part 21 U.K. Leasing arrangements: finance leases and loans

Chapter 3 U.K. Other finance leases

Introduction U.K.

925 Introduction to Chapter U.K.

(1) This Chapter applies to arrangements involving the lease of an asset that—

(a) fall to be treated, in accordance with generally accepted accounting practice, as a finance lease or loan, but

(b) are not arrangements to which Chapter 2 applies.

(2) It does not matter whether the arrangements are or have been entered into by companies or other persons.