»Ê¹ÚÌåÓýapp

This manual is being updated to reflect FRS 102 (2024 amendments). For guidance on the tax treatment of accounts prepared under IFRS 16 or the revised FRS 102, please refer to pages within the BLM50000 chapter.

This page will be archived on 30 November 2025

»Ê¹ÚÌåÓýapp rules for taxing long funding leases were introduced in FA 2006, following a period of constructive consultation.

Responding to calls for an early announcement of when the new regime would begin, and for details of the transitional rules that would apply, the then Paymaster General, Dawn Primarolo, announced on 21 July 2005 that the long funding lease regime would be introduced with effect from 1 April 2006.

This announcement was accompanied by a Technical Note explaining, among other things, that some of the transitional rules would take effect from the day of the announcement, 21 July 2005.