»Ê¹ÚÌåÓýapp

For any period of account, ‘rental earnings� are the ‘amount which falls for accounting purposes to be treated in accordance with GAAP as the gross return for that period on investment in respect of a finance lease� (or loan)� (CTA10/S898).

»Ê¹ÚÌåÓýapp references to accounting purposes and practice are subject to CTA10/S935 and the definition of ‘accounting purposesâ€� in CTA10/S937. »Ê¹ÚÌåÓýapp effect is to focus on what is correctly shown as the gross return on investment under GAAP. In practice, that will normally be the ‘gross earningsâ€� as defined in paragraph 28 of SSAP21, and ‘finance incomeâ€� in FRS101, FRS102 and IFRS. »Ê¹ÚÌåÓýapp use of consolidated accounts and those of connected persons is explicitly dealt with in CTA10/S897 - see BLM70585.