The purpose of the research - the integration of our legislation to the rules for keeping records of leasing transactions in foreign countries in the construction industry, the formation of a stable regulatory and legal framework for the implementation of leasing transactions, improving the accounting of leasing transactions.

The methodology of the research - with the help of a comprehensive analysis of the rules for keeping records of leasing operations in foreign countries, the formation of effective approaches, and the use of the basic principles of world practice in the assessment of leasing operations.

The practical importance of the research - the provisions set out in the scientific article and the results obtained can help stimulate the production process at the enterprise, ensure technical re-equipment at the lowest cost, thereby by constantly replacing newer technologies with the production of high-quality and competitive products.

The results of the research - recommendations are offered for the effective integration of foreign experience in accounting for leasing transactions and the development of leasing in the whole of our country.

The originality and scientific novelty of the research - the article examines the role and place of leasing in the modern economy. The current state and development trends of the world leasing business are revealed. The development of leasing in Azerbaijan, the peculiarities of the legal relations that have developed here are investigated. Unresolved problems are revealed, in particular - contradictions of legislation and specific recommendations for its improvement are offered.

Keywords: Leasing business, leasing market, leasing legislation, accelerated depreciation, taxation.