leaseback

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Leaseback

A transaction whereby land is sold and subsequently rented by the seller from the purchaser who is the new owner.

leaseback

a property transaction in which the buyer leases the property to the seller.
References in periodicals archive ?
If real property used by a close corporation has been in service for many years, a sale-and-leaseback could generate a much larger rent deduction for the corporation than its current depreciation deduction.
Disguised dividends: Often, a retired (or retiring) controlling shareholder will enter into a sale-and-leaseback so that the rent payments will supplement his retirement income.
After a sale-and-leaseback has been entered into, the controlling shareholder will receive a step-up in the depreciable basis of the building for the portion of the purchase price allocated thereto.