| |
By Leasing you stand to gain almost double the amount
of savings on Tax. Take a look at the examples below
Cash Example
Cost = £50,000.00
Rate = £75.00
Customer paying tax at 40%
CASH: Customer claims 50% written down allowance
in the first year and 25% there after against the rate
of tax on reducing scale.
Leasing Example Cost = £50,000.00
Rate = £75.00
Customer paying tax at 100%
CASH: Customer claims 100% of rentals against tax. Allowances 50,000 x 75 = 3,750 (p.q) x 4 = £15,000
Related Links -
- Apply
Online
-
Safes Range
- VRS Home Page |
|
| |
|
Amount
(£) |
Allowable
(£) |
Rate
(%) |
Tax
Saving
(£) |
| Year
1 |
50,000 |
25,000 |
40 |
10,000 |
| Year
2 |
25,000 |
6,250 |
40 |
2,500 |
| Year
3 |
18,750 |
4,687 |
40 |
1,875 |
| Year
4 |
14,063 |
3,515 |
40 |
1,406 |
| Year
5 |
10,547 |
2,636 |
40 |
1,054 |
| |
|
|
Total: |
16,836 |
|
Amount
(£) |
Allowable
(£) |
Rate
(%) |
Tax
Saving
(£) |
Year 1 |
15,000 |
15,000 |
40 |
6,000 |
Year 2 |
15,000 |
15,000 |
40 |
6,000 |
Year 3 |
15,000 |
15,000 |
40 |
6,000 |
| Year
4 |
15,000 |
15,000 |
40 |
6,000 |
| Year
5 |
15,000 |
15,000 |
40 |
6,000 |
| |
|
|
Total: |
30,000 |
|
