J
johnnys
Guest
Hi,
I have been asked by my boss whether it would be best to lease or buy new assets (not motor vehicles).
I know the advantages cashflow wise of leasing and that you can claim the full lease payments as a tax deduction. These will obviously be more than the capital allowances that would be claimable if we were to buy outright due to the added cost of the lease interest onto the repayment amount. The cash is available to buy the assets outright.
Is there anything else I should be thinking of? Is it better for a limited company to own it's assets or have them leased?
Anyone got an opinion?
Thanks,
I have been asked by my boss whether it would be best to lease or buy new assets (not motor vehicles).
I know the advantages cashflow wise of leasing and that you can claim the full lease payments as a tax deduction. These will obviously be more than the capital allowances that would be claimable if we were to buy outright due to the added cost of the lease interest onto the repayment amount. The cash is available to buy the assets outright.
Is there anything else I should be thinking of? Is it better for a limited company to own it's assets or have them leased?
Anyone got an opinion?
Thanks,