Claims and elections and Lease: Difference between pages

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''Tax''.
A contract whereby the owner of an asset (the lessor) offers rights to use the asset to another party (the lessee) for a certain period.
In return the lessee makes payments of pre-determined amounts to the lessor.


National tax regimes often contain alternative rules, to help taxpayers to achieve the most tax efficient outcomes.


Sometimes they apply automatically, but in some cases it may be necessary to file a formal election or claim with the tax authority to use a more beneficial tax rule.
== See also ==
* [[Assets]]
* [[Contract]]
* [[Finance lease]]
* [[Lessee]]
* [[Lessor]]
* [[Operating lease]]
* [[Sale and leaseback]]


Tax claims and elections often have to be made in real time, i.e. before the tax computations are filed, so the organisation's tax specialists need high quality information at the time transactions are being planned and completed and not only at year end.


==Other links==
*[http://www.treasurers.org/node/5745 Leasing, Will Spinney, ACT 2010]
*[http://www.treasurers.org/node/8924 Students: A lesson on leases, The Treasurer, April 2013]


 
[[Category:Capital_Markets_and_Funding]]
== See also ==
* [[Tax computation]]

Revision as of 06:06, 4 October 2013

A contract whereby the owner of an asset (the lessor) offers rights to use the asset to another party (the lessee) for a certain period.

In return the lessee makes payments of pre-determined amounts to the lessor.


See also


Other links