VTAXPER69500 - Particular trades: leasing

Disposal of leases

When a concern which is leasing goods to the public under lease-hire agreements decides to dispose of its leases, problems have arisen in determining who is now making the supplies. Sometimes a concern has disposed of its leases by transferring the leases themselves to one associated company, and the goods to another. In this situation, we still regard the original concern as making supplies under those leases - even though it no longer owns the goods or benefits from receiving the rental income. If the original concern has de-registered, it will have to re register as a consequence.