LEASING AND EQUIPMENT FINANCE

Understanding Your Business

Accrete finance business funding for all of your business needs

Leasing is a form of finance which is normally targeted to self employed clients that may need to raise funds for plant & equipment, machinery or a commercial motor vehicle.The full lease repayments are a tax deduction as the ownership of the asset remains the property of the lesser until such time that the debt has been repaid in full. As GST is not applicable on lease agreements you are not able to claim any GST over the term of the contract.You are also unable to claim any depreciation for the asset.