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HMRC internal manual

Business Leasing Manual

’Income-into-capital’ schemes and back loaded leases: 'Income-into-capital' schemes: Purchase options: put options

In some income-into-capital schemes it may be possible for the option to rest at the Bank group end. Here there is a put option; that is, Bank has an option to sell the asset to Borrower for a capital sum (calculated in the finance lease manner explained at BLM71435).