IFRS 16 — Lease liability in a sale and leaseback


The IFRS Interpretations Committee received a submission about IFRS 16 Leases and a sale and leaseback transaction with variable payments that do not depend on an index or rate and came to the conclusion (and the IASB agreed) that it would be beneficial to amend IFRS 16 to specify how a seller-lessee should apply the subsequent measurement requirements in IFRS 16 to the lease liability that arises in the sale and leaseback transaction.


Current status of the project

This project has been completed. The IASB issued Lease Liability in a Sale and Leaseback (Amendments to IFRS 16) on 22 September 2022.


Project milestones

Date Development Comments
April 2020 Issue first discussed by the IASB
30 November 2020 ED/2020/4 Lease Liability in a Sale and Leaseback (Proposed amendment to IFRS 16) published Comments requested by 29 March 2021
22 September 2022 Lease Liability in a Sale and Leaseback (Amendments to IFRS 16) issued The amendments are effective for annual reporting periods beginning on or after 1 January 2024


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.