Deductibility of lease payments for customers of StockCo Limited
Applicant
StockCo Limited
The arrangement covered by this ruling is a livestock lease transaction, under which StockCo Ltd leases livestock to a farmer (which may have been purchased from the farmer), and under which StockCo Ltd will receive a predetermined estimated market price on the sale of the livestock (whether to the farmer or to a third party) at the end of the lease.