Office furniture leasing, equipment leasing
Free Phone 0800 298 50 92
|
CASH
FLOW |
Spreads
the cost of equipment-furniture
and avoids tying up capital |
A
NEW
FUNDING
FACILITY |
Leaves
existing credit lines open
for day to day
trading & future expansion |
INCREASED
PROFITABILITY |
The
equipment-furniture
may be self
funding from additional income or cost saving generated |
FIXED
PAYMENTS |
Your
payments remains
unchanged even
if interest rates or inflation changes, allowing more accurate budgeting |
TAX
RELIEF
|
A
minimum of 21% tax relief is
available on every payment
|
| *(Assuming 21% tax relief and depreciation policy in line with lease terms.) | |
WHAT SORT OF COMPANIES ACQUIRE EQUIPMENT-FURNITURE ON LEASE FINANCE
94% OF THE TOP 100 UK COMPANIES
9 OF THE TOP 10 FIRMS OF CHARTERED ACCOUNTANTS
90% OF LOCAL AUTHORITIES IN ENGLAND AND WALES
(SOURCE : UK CAPITAL EXPENDITURE STATISTICS OFFICE)
3 YEAR FIXED TERM LEASE PLAN |
3 YEAR PAYMENT PLAN |
5 YEAR FIXED TERM LEASE PLAN |
5 YEAR PAYMENT PLAN |
WEEKLY COST |
£79.43 |
WEEKLY COST |
£52.27 |
33 MONTHLY PAYMENTS |
£344.20 |
57 MONTHLY
PAYMENTS |
£226.50 |
1 INITIAL RENTAL |
£1,032.60 |
1 INITIAL RENTAL |
£679.50 |
TOTAL COST |
£12,391.20 |
TOTAL COST |
£13,590.00 |
LESS TAX
RELIEF |
£2,602.15 |
LESS TAX RELIEF |
£ 2,853.90 |
NET
COST |
£ 9,789.05 |
NET
COST |
£10,736.10 |
| SHOULD YOU BE A NON TAX PAYING ORGANISATION PLEASE DISREGARD THE TAX RELIEF SHOWN. |
|||
APPLICABLE TO FIXED TERM AGREEMENTS ONLY
When a fixed term agreement comes to an end, our secondary rental terms apply as detailed below. This provides the benefit of continuing use of the equipment-furniture at a minimal cost.
*The first annual secondary rental is equivalent to 1 further rental.
*If you wish to continue depreciating equipment- furniture within your accounts after the first year of the secondary rental period you may continue to rent the equipment-furniture at a cost of £20.00 per annum. This ensures that the tax relief obtained during the primary rental period is not jeopardised. Tax relief is also available on all secondary rentals.
* Should you no longer wish to use the equipment- furniture, (providing one secondary rental has been paid), you simply inform us you are no longer using the equipment-furniture and we will write to you abandoning the equipment-furniture to you at your address.
LEASED EQUIPMENT ON YOUR BALANCE SHEET
Since 1984, under the SSAP 21 rules (Statement Of Standard Accounting Practice), leased equipment- furniture is shown on your balance sheet as a fixed asset and is depreciated each year in the same way as a purchased asset.
CLAIMING THE MAXIMUM RELIEF AVAILABLE
A fixed term lease agreement enables customers to claim the maximum tax relief available, usually a minimum of 21%. It could be more depending on each individual's rate of tax.
When a fixed term lease rental ends it is essential that you enter into a secondary rental period. This ensures that the tax relief claimed during the primary term is not jeopardised.
*Assuming basic rate corporation tax of 21% and a depreciation policy in line with lease term
