Part 19Sale and lease-back etc
Chapter 3Leased trading assets
Interpretation
868Lease
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.