SCHEDULES
SCHEDULE 14Leases: changes to accounting standards etc
PART 3Changes to accounting standards and tax adjustments
17Application of paragraphs 12 to 16 to lease portfolios
1
This paragraph applies if a lessee, in accordance with generally accepted accounting practice, prepares accounts by reference to a portfolio of leases having similar characteristics rather than by reference to the individual leases.
2
3
If there is a transfer of the portfolio (or an individual lease within the portfolio), paragraph 15 applies to the transfer (subject to any necessary modifications) in the same way as it applies to the transfer of a lease.