System Purchase
A simple repayment facility where you ultimately own the asset. Repayments can be structured in a flexible way using initial payments and/or a 'balloon' (final lump sum).
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A simple repayment facility where you ultimately own the asset. Repayments can be structured in a flexible way using initial payments and/or a 'balloon' (final lump sum).
- With ownership you have total control over the asset.
- Ownership normally carries the potential for claiming writing down allowances and/or capital grants, including any enhanced first year allowances.
- VAT on the cost of the asset is normally reclaimable.
- Fixed or variable interest rate - you make your own assessment and choose accordingly.
- The interest element of repayments can normally be offset against taxable profit.
- The asset appears on your balance sheet.
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