AIA and finance leases

sianadams Registered Posts: 4 New contributor ?
I am after some clarification. I've read so many contradictions I'm not sure what to believe. My client has bought a van for his business. At the moment he cannot tell me if it's HP agreement but seems to think its his at the end of the period with the option to buy. Can I capitalise it now (for tax purposes)? Or is ownership still with the lessor and they're claiming the capital allowances for it?


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