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Accounting By Sublessee

Posted: 27 Jun 2022, 16:59
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.

Re: Accounting By Sublessee

Posted: 27 Jun 2022, 17:55
by Leo
Like under IFRS 16 as a lessee

Re: Accounting By Sublessee

Posted: 28 Jun 2022, 12:25
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.

Re: Accounting By Sublessee

Posted: 28 Jun 2022, 13:43
by JRSB
why is it any different to the usual definition of a lease?