BC260 In a sale and leaseback transaction, one entity (the seller-lessee) transfers an asset to another party (the buyer-lessor) and leases back that same asset. IAS 17 included specific requirements on sale and leaseback transactions and the IASB decided that it would be helpful to continue to include specific requirements for sale and leaseback transactions in IFRS 16.
Version date: 26 February 2020 - onwards
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