On-balance sheet. For tax purposes, the user is treated
as the owner of the asset from the beginning of the
agreement. The monthly payment is normally 100% allowable
against taxable profit. VAT is paid on the rentals not
the purchase price (special rules apply to company cars).
Gives
you the use of an asset for an agreed period, without
ownership. Under this option, we retain legal ownership
of the asset for the duration of the lease and you pay
rentals for the use of the asset over an agreed period.
At the end of the agreement, we may extend the lease
or allow you to sell the equipment on our behalf and
retain a proportion of the sale proceeds.
The
potential advantages of a Finance lease
Cash
Flow Retention – we provide 100% finance.
Cash can then be retained for other purposes.
Profit
Forecasting & Budgeting - contracts are fixed for
an agreed period and involve fixed payments, allowing
you greater accuracy in budgeting and cash flow forecasting.
Flexibility
- you have the option to select the term and the timing
of repayments to suit your cash flows.
Tax
Advantages – lease rentals are tax deductible,
provided the equipment is used to generate assessable
income.
"Clients
should always ensure that they take appropriate authorised
investment advice before entering any transaction"
Corporate Angels Ltd works closely with a number of leading
lenders in the provision of financial quotations. We will
pass your quotation request to a bank, lender or broker who
will provide you with a detailed quotation. The information
we collectand pass on will not be used in conjunction with
any other purposes except for the provision of a quote unless
instructed to do so by yourselves.
