Lease purchase and hire purchase

Under current government initiative, if your business spends less than £100,000 in a year on capital equipment, you will be entitled to 100% first year capital allowances.

In this instance, to take advantage of this enhanced first year allowance, but still obtain the benefits of protecting your cash reserves, we can offer you lease purchase.

Hire purchase provides you with similar cash flow benefits to lease rental, but all the VAT on the cost of the equipment is payable with the initial payment. You will obtain tax relief on the interest element of each payment and on the full capital allowances on the equipment, rather than on each rental payment you make.

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Focus Leasing, 1 London Road Office Park, London Road, Salisbury. SP1 3HP