Covid graphic BPF.svg
13 May 2020 Covid-19 | Tax and Finance

BPF Response: Accounting for Covid-related rent concessions – IASB consultation

We responded to the IASB’s consultation in relation to COVID-related rent concessions, our response highlights the scale of the impact on rents in the UK at the current time, and argues that landlords should also have the flexibility to recognise any rent concessions in the current accounting period, or continue to spread the remaining revenue over the remaining lease term – in line with the optionality being proposed for tenants.