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Pre-Pre-Budget Salvo

Louise Higginbottom, Tax Partner at Norton Rose LLP, brings us information on the recently released leasing rules

 
Louise Higginbottom Tax Partner at Norton Rose LLP brings us information on the recently released leasing rules
 
The leasing industry has learned to expect the real news for their sector not on the day of the Pre-Budget Report (PBR) but a week or so earlier when HMRC announces changes to be made to counter disclosed schemes. This PBR is no exception; the announcement of its date was swiftly followed by the publication on 13 November of three Technical Notes focusing on long funding leasing the sale of leasing companies and film leasing rules. Whilst the details of the changes will be of most interest to the specialist they do illustrate some broader issues ...

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