diff --git a/bitbake/lib/bb/data_smart.py b/bitbake/lib/bb/data_smart.py
index 7b06d3a107..e7047d79ca 100644
--- a/bitbake/lib/bb/data_smart.py
+++ b/bitbake/lib/bb/data_smart.py
@@ -546,6 +546,8 @@ class DataSmart(MutableMapping):
         shortvar = var.split(":", 1)[0]
         if shortvar in self._var_renames:
             _print_rename_error(shortvar, loginfo, self._var_renames, fullvar=var)
+            # Mark that we have seen a renamed variable
+            self.setVar("_FAILPARSINGERRORHANDLED", True)
 
         self.expand_cache = {}
         parsing=False
@@ -737,6 +739,8 @@ class DataSmart(MutableMapping):
 
         if var in self._var_renames:
             _print_rename_error(var, loginfo, self._var_renames)
+            # Mark that we have seen a renamed variable
+            self.setVar("_FAILPARSINGERRORHANDLED", True)
 
         if 'op' not in loginfo:
             loginfo['op'] = "set"
diff --git a/bitbake/lib/bb/parse/ast.py b/bitbake/lib/bb/parse/ast.py
index 31bcc8e7ac..4b1b44ce19 100644
--- a/bitbake/lib/bb/parse/ast.py
+++ b/bitbake/lib/bb/parse/ast.py
@@ -333,6 +333,10 @@ def runAnonFuncs(d):
 def finalize(fn, d, variant = None):
     saved_handlers = bb.event.get_handlers().copy()
     try:
+        # Found renamed variables. Exit immediately
+        if d.getVar("_FAILPARSINGERRORHANDLED", False) == True:
+            raise bb.BBHandledException()
+
         for var in d.getVar('__BBHANDLERS', False) or []:
             # try to add the handler
             handlerfn = d.getVarFlag(var, "filename", False)