Lease Liability in a Sale and Leaseback (Proposed amendment to IFRS 16)

Timeline

The IASB published its Exposure Draft Lease Liability in a Sale and Leaseback (Proposed amendment to IFRS 16) in November 2020.  The IASB’s comment deadline was 29 March 2021.

Background 

The objective of this narrow-scope amendment is to specify how an entity measures the lease liability after it has sold an asset and leases that same asset back from the new owner under IFRS 16 Leases.

Planned Outreach

Our planned outreach on this project includes public consultation on our draft comment letter.

If you would like to contribute to outreach work on this project, please email UKEndorsementBoard@endorsement-board.uk