| Will we own the asset? | No |
No |
YES |
No |
| Are rentals tax deductible? | Yes |
Interest Only |
Yes |
|
| Does the route preserve capital? | Yes |
Yes |
Yes |
Yes |
| Can I have fixed or variable rate? | No |
No |
Yes |
Yes |
| Can we claim capital allowances? | No |
No |
Yes |
No |
| Will the rental payment figure be linked to future value of asset? | Yes |
Yes |
No |
No |
| Can VAT on payments be reclaimed? | Yes |
No |
Not Applicable |
Yes |
| Can VAT on cost of asset be reclaimed? | Yes |
No |
Yes |
No |
| Will service and maintenance be included? | Possible |
Possible |
No |
Possible |
* The amount of VAT that can be reclaimed is influenced by any non business use. Please seek advice from your auditor
** 'Planned rental' product only
*** The accounting treatment of your facility and your ability to claim allowances should be discussed with your auditors