IFRS 16 Leases - the tax implications WEBINAR

Exclusive to Tax Faculty members and Faculties Online subscribers.

Join Jenny Sawbridge and Kevin Paterson both of EY and the Tax Faculty's Ian Young on Tuesday 2 April at 10:30 as they discuss the new International Financial Reporting Standard 16 Leases. 

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 will cover :

  • The mechanism of tax relief for IAS 17 operating leases under IFRS 16;
  • Considerations where the right of use asset comprises expenses which are non-deductible for corporation tax purposes or expenses which have already been adjusted in full for corporation tax purposes;
  • The calculation of the tax transitional adjustment;
  • The spreading calculation;
  • Deferred tax considerations; and
  • The interaction of IAS 17 operating lease interest which is now on balance sheet with the Corporate Interest Restriction rules.

There will be an opportunity to ask questions.

Tax Faculty members and Faculties Online subscribers can register here for this webinar.

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