Financial leasing

- leasing where the term approximately covers the expected life of the asset and the lessee acquires substantially all the benefits of its use and takes all the risks associated with its ownership. The ownership of the asset may or may not eventually be transferred. Such leases cover all or virtually all costs including interest.

Name: Financial leasing
Sector: K - Financial and insurance activities

Lump-sum tax

Usually not eligible

Usually not eligible for lump-sum taxation: financial intermediation is an excluded area.

Usually includes

leasing where the term approximately covers the expected life of the asset and the lessee acquires substantially all the benefits of its use and takes all the risks associated with its ownership. The ownership of the asset may or may not eventually be transferred. Such leases cover all or virtually all costs including interest.

Usually excludes

operational leasing, see division 77, according to type of goods leased

Source: the official APR activity classification.