Commentary

C1.310 Contracts of hire purchase

Capital gains tax
Capital gains tax | Commentary

C1.310 Contracts of hire purchase

Capital gains tax | Commentary

C1.310 Contracts of hire purchase

Under a contract of hire purchase, the hirer enters into a contract with the owner for the use of the asset during the term of the contract, with title to the asset passing at the end of the term, at the hirer's option, assuming that he has fulfilled all his obligations under the contract. For the purposes of capital gains tax, the owner is treated as making an entire disposal of the asset to the hirer at the commencement of the hire term1. In the event that the hire term ends without title to the

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