Part 19 Sale and lease-back etc

Chapter 3 Leased trading assets

Interpretation

868 Lease
(1) This section applies for the purposes of this Chapter.
(2) A lease is (in relation to an asset) an agreement or arrangement under which payments are made for the use of or otherwise in respect of the asset.
(3) In particular it includes an agreement or arrangement under which the payments (or any of them) represent instalments of a purchase price or payments towards it.