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Whether charterer entitled to claim tax benefit on termination of ship finance lease

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • April 30 2010

In the case of Golden Sunsets Navigation (UK) Ltd v Lloyds Portfolio Leasing Ltd 2010 EWHC 703 (Comm), where the sale of a ship at the end of a finance lease gave rise to a tax loss for the lessor, there was no provision in the lease on its correct interpretation allowing the charterer to claim the amount of that tax benefit

Budget 2010

  • Morton Fraser
  • -
  • United Kingdom
  • -
  • April 23 2010

Changes have been announced that effect leasing in various ways