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HMRC internal manual

Business Leasing Manual

HM Revenue & Customs
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Introduction: Leasing: Leases with option to buy

Where a lease of plant or machinery contains an option for the lessee to buy the asset CAA01/S67 may apply to treat the asset as belonging to the lessee (rather than to the lessor) for capital allowances purposes.

Further guidance on this topic is at BLM00325.