IFRS 16 : Leases - the tax implications
Join Ian Young and Kevin Paterson as they discuss the tax implications of IFRS 16 Leases.
IFRS 16 Leases comes into force for accounting periods beginning on or after 1 January, replacing International Accounting Standard 17 (IAS 17). Under IFRS 16 the distinction between operating leases and finance leases disappears for the lessee. instead, a right of use asset and lease liability should be recognised in respect of all leased assets including assets leased under what would be considered to be an operating lease under IAS 17.
This webinar includes worked examples.