Offset the lease of your rental vehicles against your taxable profits when you lease vehicles for a fixed period. VAT is collected on each rental and you can budget for fixed monthly payments. At the end of the agreement you can either continue to use the vehicle or sell the vehicle for an agreed amount and keep the majority of sale proceeds.
FINANCE LEASE EXPLAINED
Low capital outlay
Shows the vehicle as an asset on your balance sheet
VAT collected on each rental rather than at the start of the agreement
Option to extend the lease for a small annual amount
On sale of the vehicle you get the majority of the sale proceeds back