Lease a car and then purchase it after the lease ends, and later sell it for more, would I be subject to capital gains tax?

[000range]

I leased a car at 50k and then purchased it at 22k after the lease ends, and later sold it for 29k, would I be subject to capital gains tax on the profit you made from the sale?

[DoninGA]

Yes.  You became the owner of the vehicle that you purchased for 22k.  You sold the vehicle you owned for 29k for a gain of 7k.

Personal property sold at a gain is reported on your tax return and taxed as a capital gain.