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051. Международная лизинговая энциклопедия. The International Leasing Encyclopedia by Steven Gilyeart. / Regulation and Supervision / Licensing and Supervision of Leasing Activity (Part 5) by Steven Gilyeart, Editor, The International Leasing Resource
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How Leasing Gets Regulated Licensing of Lease Activity A distinction must be made between licensing and regulation/supervision. Licensing is the process by which permission to engage in the leasing business is obtained. It may just a simple registration of the company that will be engaged in the activity, with no need for special permission or other approval process, or it may involve a review of an application on the merits. . .
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052. Международная лизинговая энциклопедия. The International Leasing Encyclopedia by Steven Gilyeart. / Regulation and Supervision / Licensing and Supervision of Leasing Activity (Part 6) by Steven Gilyeart, Editor, The International Leasing Resource
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The Regulatory/Supervisory Process Leasing regulation/supervision generally involves a three-part process: 1. Reports 2. Review and Audit 3. Penalties Implicit in this process is a comparison to a minimum set of standards, known as prudential norms. As the standard of measurement, they will be discussed first. . .
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053. Международная лизинговая энциклопедия. The International Leasing Encyclopedia by Steven Gilyeart. / Structuring / Structuring As a Closing Tool by Michael Granieri, Granieri & Associates, [email protected]
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One of the benefits to both you and your vendors and your lessees that accrue from you marketing partnership program is that you have the willingness and ability to create and deliver lease structures that many funding sources would prefer to avoid. Most of your leasing transactions (90-95%) are pretty straight forward, basic transactions with even monthly rentals. . .
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054. Международная лизинговая энциклопедия. The International Leasing Encyclopedia by Steven Gilyeart. / Tax / Characterization of Lease Transactions for United Sates Federal Income Tax Purposes
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Characterization of Lease Transactions for United States Federal Income Tax Purposes The issue of whether a transaction which purports to be a lease will actually be recognized by one so as to allow the lessor to receive the tax benefits of ownership, principally the depreciation allowances associated with the equipment, is governed by a series of Internal Revenue Service ("IRS") pronouncements, case law and federal statutory law. Because the issue will come up in the first instance upon a tax audit by the IRS, the IRS opinion on leasing needs to be examined first.
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055. Международная лизинговая энциклопедия. The International Leasing Encyclopedia by Steven Gilyeart. / Tax / Open-End Vehicle Leases: What is a True Lease for US Tax Purposes? by Paul Doyle, CPA,USA
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There still seems to be confusion as to what leases will qualify as a true lease for tax purposes. Recently, the Georgia NVLA (National Association of Vehicle Lessors) chapter asked me to get involved in an issue with a Georgia CPA who was telling his lessee business clients that an open-end lease would not be treated as a lease on the lessee's tax return. He was not aware of the TRAC clause rules and mistakenly advised these lessees that they would have to depreciate the actual cost of the unit and take an interest expense deduction based on part of their lease payment. . .
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056. Международная лизинговая энциклопедия. The International Leasing Encyclopedia by Steven Gilyeart. / Tax / German VAT Tax Ruling on Cross-border Sale-Leasebacks (15.09.99) by Due Finance, Germany
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The superior federal and state tax authorities discussed the following greatly condensed situation: A U.S. lessor leases a lease item (e.g., streetcars) long-term from the domestic owner (so-called main lease contract, 1st and 2nd level) often using an intermediate foreign company (with seat in the Netherlands or the Cayman Islands). . .
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