A new lease of life (TT JulAug05 p30-31)
The Treasurer July-August 2005
Treasurers often seek to avoid taking on title of physical assets and this is being encouraged by the incoming tax regime. Operating leases combine cost reduction resulting from capital allowances and the highest level of risk-transfer. Short leases are to remain while a new category, the funding lease is being introduced. Treasurers and banks will have to get to grips quickly with the new regime.
