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Van lease/loan tax

  • 26-09-2016 8:26pm
    #1
    businessdit
    Registered Users, Registered Users 2 Posts: 173 ✭✭


    Hi Folks -

    My company is hoping to by a van on lease.

    Can someone advise what the best way to approach this is from a tax write-off point of view so that company can write off the payments and interest from profits?

    Finding it hard to see difference between HP, loans and lease finance

    Thanks
    Alan


Comments

  • #2
    mrawkward
    Registered Users, Registered Users 2 Posts: 498 ✭✭mrawkward


    A lease is a rental agreement not a purchase, the rentals are tax allowable.
    HP and loan are essentially the same thing and you claim interest/changes and depreciation against tax.

    Seems like you really need proper advice from your accountant to select the best option for the company.


  • #3
    mrawkward
    Registered Users, Registered Users 2 Posts: 498 ✭✭mrawkward


    http://www.boards.ie/vbulletin/showthread.php?p=101166557


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