Finance Lease / Hire Agreement
A Finance Lease or Hire Agreement can be used to fund 100% of the equipment cost.
This method of financing can help practices stay within VAT de Minimis limits so that VAT can be reclaimed.
- Payments can be spread over terms from 1- 7 years to suit your budget
- VAT is charged on the monthly/quarterly payments rather than being crystallised in full at the time of purchase. This effectively spreads the VAT over the term of the finance reducing the impact on De Minimis limits.
- Payments are 100% allowable against profits reducing your Tax bill each year.
- At the end of the agreement Abacus will facilitate the transfer of ownership from the lender to you for a single administration guaranteed at £99.00 +vat.
- Funds paid direct to Equipment Supplier/s

