Revenue eBrief No. 214/18

21 December 2018

Tax treatment of operating leases accounted for under IFRS 16

Tax and Duty Manual Part 04-06-04 deals with the tax treatment of leases from the lessee and lessor perspective.

The Manual has been updated to set out the tax treatment of lessors, who apply international accounting standards, when accounting for operating leases changes from 1 January 2019 under IFRS 16. 

The Manual now also includes guidance previously published under "Further guidance on IFRS issues".