You should consider the concept of leasing your office furniture,
Through our leasing partners, we can offer a comprehensive range of finance solutions.
Consider the benefits below:
An ideal way to budget for future expenditure. All agreements are fixed for the duration therefore allowing you to accurately budget.
You can preserve your existing credit or cash for your business working capital requirements.
You can arrange for the regular payments to be in line with your budgeted expenditure by choosing a suitable length for the agreement.
You can pay VAT on each rental as opposed to when you purchase the equipment.
Possibility for off balance sheet financing. Certain agreements offer taxation savings as all rentals may be allowable against corporation tax. By paying for your furniture and refurbishment of your offices from your cash flow, only a limited percentage is available for tax purposes. This is because the revenue only allows you to offset 65% of the capital cost against your capital allowances. But if you go down the lease rental route this will allow you to offset the full 100% of repayments against your corporation tax bill. This is the only form of borrowing where this is possible, and as such makes it the most tax efficient method of paying for you furniture and refurbishment works.
