A cross-border lease that, due to tax regulations in two different countries, allow both parties to be considered the owner for tax purposes. In most European countries, the holder of a legal title is considered the owner of an asset for tax purposes, while in the United States, legal title is only one of several factors considered. One example of a double-dip lease is the sale of an asset to a foreign agent, who then leases it back to the original owner for mutual tax advantage. This was a common tax avoidance scheme until the JOBS ACT in the United States made most double-dip leases unprofitable in 2004. See also: Lease buyback, sukuk al-ijara.