Lexikon: economic property (wirtschaftliches Eigentum)
In accordance with tax law, the beneficial owner of a property is the person who holds effective control over a property over its normal useful life. He is the one who records the asset in the accounts. If the conditions of a leasing contract meet the requirements of the leasing decrees, the lease object is recognized by the leasing company. Only in this case is it ensured that the lessee can completely offset leasing expenses against profits.
It is a prerequisite that the lease term is at least 40% and a maximum of 90% of the useful life of the leased object.