Treasury Regulations (26 C.F.R.)
26 CFR § 48.4217-1
Lease considered as sale.
For purposes of Chapter 32 of the Code, the lease of an article by a manufacturer, producer, or importer shall be considered a sale of the article. The term “lease” means a contract or agreement, written or verbal, which gives the lessee an exclusive, continuous right to the possession or use of a particular article for a period of time. The term includes any renewal or extension of a lease or any subsequent lease of the article. However, in the case of the lease of an automobile the sale of which by the manufacturer would be taxable under section 4064, the term includes only the first lease (excluding any renewal or extension of the lease) of such automobile by the manufacturer.
[T.D. 7536, 43 FR 13521, Mar. 31, 1978, as amended by T.D. 8036, 50 FR 29963, July 23, 1985]
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In this part (40 sections)
- 48.4161(b)-1 · (b)-1 Imposition and rates of tax; bows and arrows.
- 48.4161(b)-2 · (b)-2 Meaning of terms.
- 48.4161(b)-3 · (b)-3 Use considered sale.
- 48.4161(b)-4 · (b)-4 Tax-free sales.
- 48.4161(b)-5 · (b)-5 Effective date.
- 48.4191-1 · Imposition and rate of tax.
- 48.4191-2 · Taxable medical device.
- 48.4216(a)-1 · (a)-1 Charges to be included in sale price.
- 48.4216(a)-2 · (a)-2 Exclusions from sale price.
- 48.4216(a)-3 · (a)-3 Other items relating to tax on sale price.
- 48.4216(b)-1 · (b)-1 Constructive sale price; scope and application.
- 48.4216(b)-2 · (b)-2 Constructive sale price; basic rules.
- 48.4216(b)-3 · (b)-3 Constructive sale price; special rule for…
- 48.4216(b)-4 · (b)-4 Constructive sale price; affiliated corporations.
- 48.4216(c)-1 · (c)-1 Computation of tax on leases and installment sales.
- 48.4216(d)-1 · (d)-1 Sales of installment accounts.
- 48.4216(e)-1 · (e)-1 Exclusion of local advertising charges from sale…
- 48.4216(e)-2 · (e)-2 Limitation on aggregate of exclusions and price…
- 48.4216(e)-3 · (e)-3 No exclusion or readjustment for other advertising…
- 48.4216(f)-1 · (f)-1 Value of used components excluded from price of…
- 48.4217-1 · Lease considered as sale.
- 48.4217-2 · Limitation on amount of tax applicable to certain leases.
- 48.4218-1 · Tax on use by manufacturer, producer, or importer.
- 48.4218-2 · Business or personal use of articles.
- 48.4218-3 · Events subsequent to taxable use of article.
- 48.4218-4 · Use in further manufacture.
- 48.4218-5 · Computation of tax.
- 48.4219-1 · Sales of taxable articles by a person other than the…
- 48.4221-1 · Tax-free sales; general rule.
- 48.4221-2 · Tax-free sale of articles to be used for, or resold for,…
- 48.4221-3 · Tax-free sale of articles for export, or for resale by the…
- 48.4221-4 · Tax-free sale of articles for use by the purchaser as…
- 48.4221-5 · Tax-free sale of articles to State and local governments…
- 48.4221-6 · Tax-free sales of articles to nonprofit educational…
- 48.4221-7 · Tax-free sales of tires and tubes.
- 48.4221-8 · Tax-free sales of tires, tubes, and tread rubber used on…
- 48.4222(a)-1 · (a)-1 Registration.
- 48.4222(b)-1 · (b)-1 Exceptions to the requirement for registration.
- 48.4222(c)-1 · (c)-1 Revocation or suspension of registration.
- 48.4222(d)-1 · (d)-1 Registration in the case of certain other…