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

The IASB published an exposure draft of proposed amendments on 30 November 2020 with comments requested by 29 March 2021.


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


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