Phone : 07885 990706

Witham, Essex

Test Chart

HIRE/LEASE PURCHASE FINANCE LEASE OPERATING LEASE
WILL WE OWN THE ASSET? YES NO POSSIBLE**
ARE RENTALS TAX DEDUCTIBLE? INTEREST ONLY YES YES
DOES THIS PRODUCT PRESERVE CAPITAL? YES YES YES
CAN I HAVE FIXED OR VARIABLE RATE? YES YES POSSIBLE
CAN WE CLAIM CAPITAL ALLOWANCES? YES NO NO
WILL THE RENTAL PAYMENT FIGURE BE LINKED TO THE FUTURE VALUE OF THE ASSET? NO NO YES
CAN VAT ON REPAYMENTS BE CLAIMED?* N/A YES YES
CAN VAT ON COST OF ASSET BE RECLAIMED? YES NO NO
* SPECIAL RULES APPLY TO CARS
** PLANNED RENTAL ONLY

 

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