Rental allows you to treat the cost of acquiring a piece of equipment as an ongoing expense. Rather than paying the entire cost upfront (i.e. labour, telephones and electricity) 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. Renting rather than purchasing means you can completely write-off the equipment and receive a high level tax-benefit.
Payments are a 100% tax deduction.
Classed as an Operating Expense that you run through your Profit & Loss Statement.
Does not appear on your balance sheet as debt or loan.
GST is claimed in each payment.
Finance 100% of the purchase price.
Ability to bundle in the cost of installation and maintenance.
Upgrade, add-on or replace the equipment during the term.
Any equipment can be rented.
*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.
Ownership of the asset remains with the lessor and the asset will either be returned at the end of the lease, when the leasing company will either re-hire in another contract or sell it
Please complete your details below for the quote that you need so that we can provide you with various terms and options to suit your finance requirements.
I found Samantha to be highly competent and efficient, she was very resourceful, professional and I would highly recommend her services.
Philippe Mouchel, Deja Vue Melbourne
Carissa has demonstrated an exemplary degree of professionalism, accompanied with superb customer service and proven results. I am extremely impressed with the outcomes reached and highly recommend Carissa and Geared Finance to any business requiring finance and great service. It has been an absolute pleasure dealing with you. Thank you!
Jan Flores, Managing Director LVSA Group
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