GIFT-LEASEBACK
\ɡˈɪftlˈiːsbak], \ɡˈɪftlˈiːsbak], \ɡ_ˈɪ_f_t_l_ˈiː_s_b_a_k]\
Sort: Oldest first
-
Transferring assets or property ownership to a trust or beneficiary by signed arrangement. The original owner rents / leases the property or assets back from the trust or beneficiary after signing the arrangement. A tax advantage is usually gained.
By Henry Campbell Black
