Richard Carson, Slaughter and May, considers what's left of the old equipment leasing regime and how it has changed
Richard Carson Slaughter and May considers what's left of the old equipment leasing regime and how it has changed
Rarely can a new legislative code have been quite so familiar at the time of its enactment as the regime for 'long funding leases' introduced by this year's Finance Act. It was in a consultation paper on corporation tax reform published back in 2003 that the Government first suggested that ownership (for capital allowance purposes) of plant or machinery leased under a finance lease — or an operating lease that was essentially a financing transaction — might be moved from the lessor to the lessee. The decision to proceed with this reform was announced...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Richard Carson, Slaughter and May, considers what's left of the old equipment leasing regime and how it has changed
Richard Carson Slaughter and May considers what's left of the old equipment leasing regime and how it has changed
Rarely can a new legislative code have been quite so familiar at the time of its enactment as the regime for 'long funding leases' introduced by this year's Finance Act. It was in a consultation paper on corporation tax reform published back in 2003 that the Government first suggested that ownership (for capital allowance purposes) of plant or machinery leased under a finance lease — or an operating lease that was essentially a financing transaction — might be moved from the lessor to the lessee. The decision to proceed with this reform was announced...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
