Provided the non-UK resident lessor
is not carrying on a business in the UK through a PE, it should not be liable to UK corporation tax on the rental income arising from a UK lessee, however one also has to consider the UK income tax position.
will not be eligible to claim an ITC for the GST/HST paid on vehicle repairs for a leased vehicle if the lessor
is not the recipient of the service.
Once you negotiate a deal you like, take it to other lessors
for comparison shopping.
According to these so-called "hell or high water" clauses, you won't be able to refuse to pay or assert any setoff against your obligations under the lease even if the leased equipment is or becomes damaged, defective, obsolete, or otherwise unavailable for your use, or the lessor
breaches its obligations to you under the lease (provided you'll be entitled to begin an action against the lessor
for any damages you may incur as a result).
Another aspect of finance lease is that the lessor
is not responsible for the repairs and maintenance, insurance, etc.
Note that while the deal between the lessor
and lessee has not changed from an economic perspective, for tax purposes we now have a deferred payment lease.
Additional Requirements for Lessor
(Both must apply)
This influx of capital may unduly influence competitive dynamics, drive down price/lease terms, and focus certain lessors
on the near-term goals of their private-equity backers.
Using The Global Lessor
Network, Ecologic enables vendor captives and lessees to find the best match lessor
for each transaction in each country.
Under the derecognition approach, if the lessor
does not retain exposure to the risks and benefits associated with the leased asset, it derecognizes that part of the asset and retains only its residual interest.
was 111 Howard Associates, LP and the lessee:was Shaw Facilities.
The improvement is made under a lease either by the lessee (or sublessee), or by the lessor
, of that portion of the building to be occupied exclusively by the lessee (or sublessee);