CCH Corporation Tax
Finance Leases2
This document provides guidance on accounting for assets under Finance Leases, specifically detailing how to record payments for tax relief purposes rather than as Capital Allowance. It outlines the data entry process on a Period of Account basis, including sections for asset description, Net Book Value (NBV), additions, disposals, and depreciation. Each entry plays a role in tracking the financial status of leased assets, ultimately affecting their end-of-period valuation. Resources for further assistance in trade data entry are also included.