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Van Purchasing
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<blockquote data-quote="spinlondon" data-source="post: 173098" data-attributes="member: 3394"><p>The problem with buying outright, whether as an individual, partnership or Ltd. Co. is that you cannot offset all of the purchase price against tax, untill you dispose of the vehicle.</p><p></p><p>In the first year you are allowed 40%, and in subsequent years 25% of the remainder.</p><p></p><p>Whereas when leasing, or on contract hire, all of the cost can be offset against tax.</p></blockquote><p></p>
[QUOTE="spinlondon, post: 173098, member: 3394"] The problem with buying outright, whether as an individual, partnership or Ltd. Co. is that you cannot offset all of the purchase price against tax, untill you dispose of the vehicle. In the first year you are allowed 40%, and in subsequent years 25% of the remainder. Whereas when leasing, or on contract hire, all of the cost can be offset against tax. [/QUOTE]
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