what are the tax benefits of a lessee?
A capital lease is treated like a loan, and the asset is considered owned by the lessee. The tax advantages of operating leases are especially significant for fixed assets such as lighting that are generally depreciated over a very long term (39 years), since the entire lease payment is tax deductible.
True Tax Lease Vs Non-Tax Lease. The true lease offers all of the primary benefits commonly attributed to leasing. It is a tax-oriented lease in which the Lessor claims the tax benefits of ownership through depreciation deductions, but passes through to the Lessee those benefits in the form of reduced rentals. The Lessor owns the leased equipment for the life of the contract.