Financial Lease and Instalment Sale

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You can pay off your company vehicles and other movable assets over an agreed period of time. The two options we offer both allow for companies and car allowance recipients ownership at the end of the contract without an upfront deposit. The main difference between the two is the manner in which a deduction against income tax can be claimed.

  • Financial Lease enables you to claim the sum of the actual repayments made during the tax year.
  • Instalment Sale allows you to claim a wear-and-tear allowance plus finance charges. The wear-and-tear allowance is generally 20% per annum (5 years straight-line depreciation).