NIC 6491—Financial Leasing

Where 6491 sits

1. L Financial and insurance activities
2. 64 Financial service activities, except insurance and pension funding
3. 649 Other financial service activities, except insurance and pension funding activities
4. 6491 Financial Leasing

Contains 1 narrower code

• 649100 Activities of leasing where the term approximately covers the expected life of the asset and the lessee acquires substantially all the benefits of its use and takes all the risks associated with its ownership

What 6491 includes

• This class includes the activities of financing the purchase of an asset on behalf of a customer.
• The financer (the lessor) is the legal owner of the asset and the costumer (the lessee) carries the risk for the duration of the lease, which usually covers the expected life of the asset.
• The lessee acquires all the benefits of its use.

What 6491 excludes

• Operating leasing, according to type of goods leased, see division 77

6491 in other systems