A finance lease or hire agreement  is

·         Available over terms of 2 to 7 years

·         Full cost of equipment covered

·         VAT added to each repayment so spreads the VAT across term

·         Each payment fully allowable against profits reducing your tax bill

·         Lease UK will arrange full ownership to pass to you for a pre agreed end of term fee

·         Funds paid to Supplier(s) not practice

Benefits of Leasing

·        Spreads VAT when acquiring optical equipment as is charged monthly. This greatly helps to keep within the 12 month rolling VAT de Minimis threshold applicable when buying Optical equipment.

·        Spreads tax saving evenly across term – useful if you are expecting signficant growth in profits over term of lease agreement

·        With Lease UK you can own the equipment outright for a nominal transfer of title fee at the end of the main term of the lease.

·        Matches earning from asset to paying for asset leaving your cashflow to focus on increasing profits eg by advertising, recruiting additional staff or adding more stocks of frames

·         Takes advantage of low rates and fixes across the term