Judgment_paragraph 53 · Eon Aset Menidjmunt OOD v Direktor na Direktsia ‘Obzhalvane I upravlenie na izpalnenieto’ — Varna pri Tsentralno upravlenie na Natsionalnata agentsia za prihodite (C-118/11)

53As regards the leasing of a motor vehicle under a financial leasing contract which can be treated as a transaction consisting of the acquisition of capital goods intended in part for private use and in part for business use, the taxable person has a choice. The taxable person may, for the purposes of VAT, either (i) allocate those goods wholly to the assets of his business, (ii) retain them wholly within his private assets, thereby excluding them entirely from the system of VAT, or (iii) integrate them into his business only to the extent to which they are actually used for business purposes (see, to that effect, Case C-291/92 Armbrecht [1995] ECR I-2775, paragraph 20, and Case C-434/03 Charles and Charles-Tijmens [2005] ECR I-7037, paragraph 23 and case-law cited).