Introduction

  • David G. Mayes
  • Clive S. Nicholas

Abstract

The major reform of the corporation tax system implemented in the 1984 Finance Act has radically altered the economics of equipment leasing in the UK. Fundamental changes in capital allowances and corporation tax have not only given rise to considerable discussion about the future of leasing as a source of asset finance, but have also focused attention on its past role in the economy.

Keywords

Income Concession 

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Copyright information

© David G. Mayes and Clive S. Nicholas 1988

Authors and Affiliations

  • David G. Mayes
    • 1
  • Clive S. Nicholas
    • 2
  1. 1.National Economic Development OfficeLondonUK
  2. 2.University of ExeterUK

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