Post by account_disabled on Dec 24, 2023 6:27:04 GMT
Ato that of an owner subject to the provision that his right to dispose of the leased asset is temporarily limited. . This interpretation is supported in particular by Article b of Directive which does not refer to the transfer of the right to dispose of tangible property but directly to the transfer of ownership. In my opinion this indicates that the intention of the legislature was to include within the scope of that provision agreements which result in the transfer of ownership even if the transfer is deferred to after the time at which the tangible property is released to the future acquirer.
In formulating that provision the legislature simply Country Email List determined that the entire transaction is to be treated as a supply of goods from its inception. . Therefore Article b of Directive should in my view be interpreted as applying only to those leasing agreements which offer the certainty that in the normal course of events following the end of the agreement term ownership of the leased asset will generally be transferred to the lessee. . This is the situation which obtains primarily in the case of hire purchase agreements in which.
The sum total of the instalments which the lessee is obliged to pay corresponds to the full price of the subject matter of the agreement and ownership thereof is transferred to theupon payment of the final instalment. Structuring the legal relationship in this way means that the likelihood of the lessee not obtaining ownership of the asset which is the subject matter of the leasing agreement would arise only in the event of nonperformance or notice of termination of the agreement by one of the parties. This may happen with any type of agreement. The corresponding adjustment of VAT is then provided for by.
In formulating that provision the legislature simply Country Email List determined that the entire transaction is to be treated as a supply of goods from its inception. . Therefore Article b of Directive should in my view be interpreted as applying only to those leasing agreements which offer the certainty that in the normal course of events following the end of the agreement term ownership of the leased asset will generally be transferred to the lessee. . This is the situation which obtains primarily in the case of hire purchase agreements in which.
The sum total of the instalments which the lessee is obliged to pay corresponds to the full price of the subject matter of the agreement and ownership thereof is transferred to theupon payment of the final instalment. Structuring the legal relationship in this way means that the likelihood of the lessee not obtaining ownership of the asset which is the subject matter of the leasing agreement would arise only in the event of nonperformance or notice of termination of the agreement by one of the parties. This may happen with any type of agreement. The corresponding adjustment of VAT is then provided for by.