Lease Liability in a Sale and Leaseback (Proposed amendment to IFRS 16)
Project Type:
Influencing
Status:
Completed
Milestone:
Final Documents
Completed Date: 29 April 2021
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.
Outreach
Our planned outreach on this project includes public consultation on our draft comment letter.
Timeline
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2
Final Documents
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The UKEB published its Final Comment Letter on 7 April 2021.
Final Comment Letter - Lease Liability in a Sale and Leaseback (Proposed amendment to IFRS 16)
The UKEB published its Feedback Statement on 29 April 2021.
Feedback Statement - Lease Liability in a Sale and Leaseback (Proposed amendment to IFRS 16)
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1
Consultation
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The UKEB published its Draft Comment Letter on 4 February 2021 for public consultation.
Draft Comment Letter - Lease Liability in a Sale and Leaseback (Proposed amendment to IFRS 16)
Invitation to Comment
Invitation to Comment - Lease Liability in a Sale and Leaseback (Proposed amendment to IFRS 16)
The consultation closed on 1 March 2021.
Stakeholder Responses
The UKEB received the responses below from stakeholders on its Draft Comment Letter.