• lessor accounting for rent concessions is based on. in june 2021 the frc issued further amendments to frs 102 and frs 105 to extend the application of requirements that cover the accounting treatment of temporary rent. 15 mar 2022 ifrs 9 financial instruments and ifrs 16 leases—rent concessions:
different types of concessions being agreed between lessors and lessees, including rent deferrals, rent abatement/forgiveness and many other types of relief. A concession may take the form of deferred rent, rent forgiveness, a combination of a deferral of rent with an extension of the lease term, or some other form of relief. lessees are required to assess whether rent concessions are lease modifications and, if they are, apply specific accounting guidance, which can be complex. by visual lease january 28, 2021 lease accounting.
