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Posted by hhelman on April 9, 2008, 2:55 pm
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On Apr 9, 2:38 pm, se...@panix.com (Seth) wrote:
>
> >A company is leasing equipment to a third party. This equipment is
> >owned by the company and the company retains one half of 1% (.005)
> >interest in the equipments production.
>
> What does that mean?
>
> Does it mean that the lease payment is a fixed amount plus a fraction
> of the value of stuff produced? Or does the owning company get some
> of the stuff produced?
>
> Seth
>
> --
> << ------------------------------------------------------- >>
> << The foregoing was not intended or written to be used, >>
> << nor can it used, for the purpose of avoiding penalties >>
> << that may be imposed upon the taxpayer. >>
> << >>
> << The Charter and the Guidelines for submitting posts >>
> << to this newsgroup as well as our anti-spamming policy >>
> << are atwww.asktax.org. >>
> << Copyright (2007) - All rights reserved. >>
> << ------------------------------------------------------- >>
The lessor receives income from the production of the equipment
========================================= MODERATOR'S COMMENT:
Please delete unnecessary text from the prior message when responding.
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
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