IFRS 16 - Definition of a lease

IFRS 16

Although IFRS 16 has been in effect since 2019, there are still a number of areas that can be challenging in practice. Our ‘Insights into IFRS 16’ series summaries key areas of the standard and aims to demystify those key requirements that are challenging to apply in practice. This article considers the definition of a lease when applying IFRS 16.

Sarah Carroll
| Less than a minute | 06 Jul 2026

IFRS 16 - Sale and leaseback accounting

IFRS 16

Although IFRS 16 has been in effect since 2019, there are still a number of areas that can be challenging in practice. Our ‘Insights into IFRS 16’ series summaries key areas of the standard and aims to demystify those key requirements that are challenging to apply in practice. This article considers the definition of a lease when applying IFRS 16.

Sarah Carroll
| Less than a minute | 06 Jul 2026

Presentation and disclosure

IFRS 16

Need help identifying the IFRS 16 presentation and disclosure requirements? We provide a series of examples illustrating one possible way they might be presented.

2 min read | 31 Jul 2019

Lease incentives

IFRS 16

Lease incentives may take various forms depending on the negotiation between the lessee and the lessor. How can you identify a lease incentive and when does the accounting treatment change?

3 min read | 07 Oct 2020

Lease payments

IFRS 16

Deciding which payments need be recognised in the measurement of the liability and how changes in those payments are recognised often involves considerable judgement.

Sarah Carroll
| 1 min read | 27 Feb 2019

Lease term

IFRS 16

Under IFRS 16 Leases, determining the correct lease term is significant for a number of reasons, find out why in our latest IFRS 16 insight.

Sarah Carroll
| 3 min read | 05 Dec 2018

Interim periods

IFRS 16

How do you treat a variable lease payment in the financial statements of an interim period?

Sarah Carroll
| 3 min read | 21 Nov 2018

Understanding the discount rate

IFRS 16

Are you prepared for IFRS 16? Do you understand the discount rate? Find out more

Sarah Carroll
| 10 min read | 11 Nov 2018
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