Post by amina147 on Mar 8, 2024 22:15:07 GMT -6
The at the end of the contract leasing them to tenants by lessors and transferring the said assets to tenants by lessors at the end of the lease period. With SellLeaseRepurchase transactions businesses gain a financing opportunity by selling their assets to the financial leasing company at their current value and can create liquid resources for the company. In addition in accordance with the contract the assets related to the sold asset continue to be used and their functions can be benefited from. The asset which was recorded at historical cost before the transaction can be shown in the records at its contract value and current net asset value after the SellRentRepurchase transaction.
Thus while companies meet their financing needs they also have the opportunity to improve their financial statements by bringing the asset value to its current value. With the SellLeaseRepurchase application Austria Phone Numbers List businesses have the opportunity to provide some tax advantages. SellRentRepurchase transaction In accordance with KVK Article within the scope of Law No. Provided that it is stated in the contract that the movable or immovable property is sold to the lessors for the purpose of leasing back and on the condition.
That it is taken back at the end of the contract and that this condition is actually complied with that the sales proceeds are taken into the special fund account until the relevant period corporate tax declaration is submitted and that the profits kept in the fund account are not withdrawn from the business. from corporate tax Pursuant to Article of VAT within the scope of Law No. the sale of movable and immovable property subject to lease to the lessor rental and transfer to the sellers provided that the ownership of the asset subject to lease will be transferred to the lessee at the end of the contract period is exempt from value added tax.
Thus while companies meet their financing needs they also have the opportunity to improve their financial statements by bringing the asset value to its current value. With the SellLeaseRepurchase application Austria Phone Numbers List businesses have the opportunity to provide some tax advantages. SellRentRepurchase transaction In accordance with KVK Article within the scope of Law No. Provided that it is stated in the contract that the movable or immovable property is sold to the lessors for the purpose of leasing back and on the condition.
That it is taken back at the end of the contract and that this condition is actually complied with that the sales proceeds are taken into the special fund account until the relevant period corporate tax declaration is submitted and that the profits kept in the fund account are not withdrawn from the business. from corporate tax Pursuant to Article of VAT within the scope of Law No. the sale of movable and immovable property subject to lease to the lessor rental and transfer to the sellers provided that the ownership of the asset subject to lease will be transferred to the lessee at the end of the contract period is exempt from value added tax.