Tax Implications
Date:Wednesday, February 2 2005
One of the main benefits of true leases is that you may be able to fully claim lease payments for tax purposes.
In contrast, finance leases are usually regarded by the government as an installment purchase plan in lease clothing. As a result, although finance leases let you spread your payments over time, they are not tax advantaged in the way true leases are.
Make sure to discuss the tax implications of your lease with an accountant before signing any contract.
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del.icio.us- 1. Introduction
- 2. Advantages of Leasing
- 3. What's Included
- 4. Types of Leases
- 5. Tax Implications
- 6. Leasing Providers
- 7. Payment Options
- 8. Ending Your Lease
- 9. Lease Shopping
- 10. Applying For A Lease
- 11. Negotiating Tips
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