Accounting By Sublessee

All topics related to IFRS Standards.
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asalaag
Posts: 5
Joined: 01 Jun 2022, 17:36

Accounting By Sublessee

Post by asalaag »

Hi everyone,

I hope all is well.


We have a land lease where we are the sublessee and the one giving us the land is the sublessor (not the original landlord). How do we account for it under IFRS 16?

Thank you in advance.
Leo
Posts: 544
Joined: 05 Apr 2020, 22:31

Re: Accounting By Sublessee

Post by Leo »

Like under IFRS 16 as a lessee
asalaag
Posts: 5
Joined: 01 Jun 2022, 17:36

Re: Accounting By Sublessee

Post by asalaag »

Leo wrote: 27 Jun 2022, 17:55 Like under IFRS 16 as a lessee
Thank you for your response, is that mentioned somewhere in IFRS 16? I couldn't find it.
JRSB
Trusted Expert
Posts: 868
Joined: 01 Mar 2020, 01:10
Location: UK

Re: Accounting By Sublessee

Post by JRSB »

why is it any different to the usual definition of a lease?
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