Commentary on Sections Glossary Structure of Part 2 Section 195: Acquisition of ownership by equipment lessee
694.This section is based on part of section 58(4) and (5) of CAA 1990. It provides that an equipment lessee may be treated as being the owner of a fixture. This section applies if:
	in a case dealt with by section 192, it is the equipment lessee who discharges the equipment lessee’s financial obligations under the equipment lease; and
	the equipment lessee does so by paying a capital sum.
695.Subsection (2) provides that references to “equipment lessee” include any person in whom the financial obligations under the equipment lease may have been vested.