Just so I'm clear (and can go back to my accountant armed with solid info)... on a *lease*... the components on it are...
-- monthly payments (ex VAT) are allowable expenses
-- Can claim 50% of VAT on each monthly payment
-- the initial rental payment is also an allowable expense (albeit in a lump sum)
Correct?
Given I have cash in the bank, would it also make more sense to have a high initial rental amount in order to get it thru the books in the current year, with smaller payments in the future?
Thanks!
-- monthly payments (ex VAT) are allowable expenses
-- Can claim 50% of VAT on each monthly payment
-- the initial rental payment is also an allowable expense (albeit in a lump sum)
Correct?
Given I have cash in the bank, would it also make more sense to have a high initial rental amount in order to get it thru the books in the current year, with smaller payments in the future?
Thanks!
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