⌘K
Tax Computation Extract
Generate a tax computation extract showing the impact of FRS 102 lease accounting on your Corporation Tax.
Lease Classification
HMRC classifies leases as General Lease (rent deduction) or Long Funding Lease (capital allowances).
Tax Adjustments
Add back depreciation and interest, deduct rent paid.
Sample Adjustment
Add back: Depreciation £21,000
Add back: Interest expense £5,400
Less: Cash rent paid (£24,000)
─────────────────────────────────────
Net adjustment: £2,400