Operating Lease (Rental)
Rental allows you to treat the cost of acquiring a piece of equipment as an ongoing expense. Just as you pay month to month for the cost of your Labour (employees), Telephones and Electricity, rather than paying the entire cost upfront (i.e. purchasing an employee!), you can do the same for any asset.
Many assets need to be replaced within a period of 5-years so it makes sense to rent these and treat the entire rental payment as an expense to receive a 100% tax deduction. Examples are IT & Office Equipment, Telephones, Technology assets and potentially any equipment! Renting rather than purchasing means you can completely write-off the equipment and receive a high level of tax-benefit.
The general features of an Operating Lease / Rental*:
See the other forms of finance:
Fully flexible finance options
Whether you need a Chattel Mortgage, Finance Lease, Rental or Commercial Hire Purchase - we can provide you with all forms of finance.
We can tailor a package to suit your needs when it comes to the type of finance that you require and the terms. We will clearly explain to you the features of each type of finance and what the general benefits are. Please remember to refer to your accountant for taxation advice.Apply now
*This information is not intended to constitute taxation advice and does not take into account your financial cirucmstances. Refer to your accountant for taxation advice.