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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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Quote:
Originally Posted by Rtrorkt
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They're just selling it for a leaseback. It's a common tactic for reducing tax liabilities in the US. I'd assume its the same in the UK if McLaren are doing it. They're not moving out of the headquarters, just selling it to lease it because the tax treatment of lease payments is more favorable.
My employer just built three large buildings in three big cities and immediately sold them for leasebacks.
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Some Porsches long ago...then a wankle...
5 liters of VVT fury now
-Chris
"There is freedom in risk, just as there is oppression in security."
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