Post by account_disabled on Dec 24, 2023 6:18:25 GMT
Aof the subject matter of the leasing agreement are to be enjoyed by the lessee and in particular substantially all the rewards and risks incidental to legal ownership of the subject matter of the leasing agreement are transferred to the lessee and the present value of the amount of the lease payments is practically identical to the market value of the subject matter of the leasing agreement the transaction resulting from that agreement must be treated as an acquisition of capital goods The International Accounting Standard relating to leases.
The Court reached this conclusion by referring to Country Email List international accounting standards incorporated in EU law by virtue of Regulation No . The leasing agreement was described in International Accounting Standard No hereinafter IAS . The existence of a clause relating to the transfer of ownership of the asset before the end of the lease and of the fact that the sum of instalments is as a rule equal to the market value of the asset correspond as the Commission indicated in its observations to two criteria which according to paragraph a and d of IAS individually or in combination would normally lead to a lease being classified as a finance lease.
Finance leasing also known as capital leasing is regarded as a form of investment on the part of the lessee in the subject matter of the leasing agreement. to the situation of an owner who reaps all the rewards from using the subject matter of the leasing agreement and incurs all the risks. This is sometimes called economic ownership. Finance leasing does not have to necessarily mean the final transfer of formal ownership to the lessee for example in a situation where the lease term is equal to the period of.
The Court reached this conclusion by referring to Country Email List international accounting standards incorporated in EU law by virtue of Regulation No . The leasing agreement was described in International Accounting Standard No hereinafter IAS . The existence of a clause relating to the transfer of ownership of the asset before the end of the lease and of the fact that the sum of instalments is as a rule equal to the market value of the asset correspond as the Commission indicated in its observations to two criteria which according to paragraph a and d of IAS individually or in combination would normally lead to a lease being classified as a finance lease.
Finance leasing also known as capital leasing is regarded as a form of investment on the part of the lessee in the subject matter of the leasing agreement. to the situation of an owner who reaps all the rewards from using the subject matter of the leasing agreement and incurs all the risks. This is sometimes called economic ownership. Finance leasing does not have to necessarily mean the final transfer of formal ownership to the lessee for example in a situation where the lease term is equal to the period of.