Synthetic lease
A Transaction that appears as a Lease from an Accounting standpoint, but as a Loan from a Tax standpoint. The end results are an off-balance sheet Account of the Financing and the Tax benefits that accompany the financed Asset.
A Transaction that appears as a Lease from an Accounting standpoint, but as a Loan from a Tax standpoint. The end results are an off-balance sheet Account of the Financing and the Tax benefits that accompany the financed Asset.