27 CFR § 53.103 - Lease considered as sale.

---
identifier: "/us/cfr/t27/s53.103"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "27 CFR § 53.103 - Lease considered as sale."
title_number: 27
title_name: "Alcohol, Tobacco Products and Firearms"
section_number: "53.103"
section_name: "Lease considered as sale."
chapter_name: "ALCOHOL AND TOBACCO TAX AND TRADE BUREAU, DEPARTMENT OF THE TREASURY"
subchapter_number: "C"
subchapter_name: "FIREARMS"
part_number: "53"
part_name: "MANUFACTURERS EXCISE TAXES—FIREARMS AND AMMUNITION"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "26 U.S.C. 4181, 4182, 4216-4219, 4221-4223, 4225, 6001, 6011, 6020, 6021, 6061, 6071, 6081, 6091, 6101-6104, 6109, 6151, 6155, 6161, 6301-6303, 6311, 6402, 6404, 6416, 7502, 7805."
regulatory_source: "T.D. ATF-308, 56 FR 303, Jan. 3, 1991, unless otherwise noted."
cfr_part: "53"
---


# 53.103 Lease considered as sale.

For purposes of chapter 32 of the Code, the lease of an article by a manufacturer, producer, or importer shall be considered a sale of the article. The term *lease* means a contract or agreement, written or verbal, which gives the lessee an exclusive, continuous right to the possession or use of a particular article for a period of time. The term includes any renewal or extension of a lease or any subsequent lease of the article.

[T.D. ATF-308, 56 FR 303, Jan. 3, 1991, as amended by T.D. ATF-312, 56 FR 31084, July 9, 1991; T.D. 372, 61 FR 20724, May 8, 1996]