Peppercorn lease accounting

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Ramani
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Joined: 04 Dec 2023, 16:45

Peppercorn lease accounting

Post by Ramani »

Hi,

Does anyone have experience of peppercorn lease accounting? If so please can you provide some guidance how it should be accounted?

Thank you
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JRSB
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Re: Peppercorn lease accounting

Post by JRSB »

As in, you paid a premium up front and then effectively zero for the remainder of the lease term?
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Ramani
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Joined: 04 Dec 2023, 16:45

Re: Peppercorn lease accounting

Post by Ramani »

For an agreed term, the consideration will be minimal (like £1 or something)
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Marek Muc
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Re: Peppercorn lease accounting

Post by Marek Muc »

What other terms are there, besides the minimal ongoing payment?
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Ramani
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Joined: 04 Dec 2023, 16:45

Re: Peppercorn lease accounting

Post by Ramani »

sorry I dont have any other information. I was just asked how to account for such leases.
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Marek Muc
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Re: Peppercorn lease accounting

Post by Marek Muc »

Without understanding the terms of these leases, you won't be able to account for them properly.
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