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HMRC internal manual

Business Leasing Manual

’Income-into-capital’ schemes and back loaded leases: 'Income-into-capital' schemes: Purchase options: leaseback by bank to borrower

In an ‘income-into-capital’ scheme, soon after the Bank acquires the asset, it grants a lease or under-lease to:

  • the original member company of the Borrower group which sold the asset to the Bank in the first place; or
  • a person connected with that Borrower company.