CAA01/S174 & S177 – S180

An ‘equipment lease’ is an agreement under which a person who does not have an interest in the relevant land incurs capital expenditure on the provision of a fixture and leases it, directly or indirectly, to another person. A lease entered into as a result of an agreement like that is also an equipment lease.

The person from whom the fixture is leased under an equipment lease is an ‘equipment lessor’. Basically, an equipment lessor is a person who incurs capital expenditure on the provision of a fixture for leasing but does not have an interest in the relevant land.

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