Capital lease and Delegated legislation: Difference between pages

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A capital lease usually involves the lessee paying - over the life of the lease - the full cost of the asset plus a return on the finance effectively provided by the lessorThe lessee effectively retains substantially all the risks and rewards of ownership.
1.   
But the lessee does not obtain legal title to the leased asset.
Law made by ministers under delegated powers given to them by Parliamentary Acts.  
Sometimes referred to as secondary legislation or subordinate legislation.


Also known as a ''finance lease''.
2.
A secondary source of UK tax law that is not written by parliament but usually by Her Majesty's Revenue & Customs.


3.
Law created by any other subordinate law-making body, within the authority of an Enabling Act - or other primary legislation - enacted by the primary law-making body.


== See also ==
== See also ==
* [[Finance lease]]
* [[Enabling Act]]
* [[Secondary legislation]]
* [[Statutory instrument]]
 
[[Category:Regulation_and_Law]]

Revision as of 08:49, 8 October 2013

1. Law made by ministers under delegated powers given to them by Parliamentary Acts. Sometimes referred to as secondary legislation or subordinate legislation.

2. A secondary source of UK tax law that is not written by parliament but usually by Her Majesty's Revenue & Customs.

3. Law created by any other subordinate law-making body, within the authority of an Enabling Act - or other primary legislation - enacted by the primary law-making body.

See also