Extract from Business Link (for UK):
"Renting or leasing assets can be tax efficient - this can reduce your overall tax bill, as the cost is deductible as a business expense. This is a factor in determining whether you should rent or lease an asset, rather than buy.""The leasing company claims the capital allowances and passes the benefit on to the business customer, by way of reduced rental charges.
The business customer can generally deduct the full cost of lease rentals from taxable income, as a trading expense."