Business customers acquiring assets under hire-purchase finance contracts could be able to access the super deduction.
As long as under the agreement:
- Goods are hired in return for periodical payments by the business to whom they are hired.
- The property in the goods will pass to the business to whom they are hired if the terms of the agreement are complied with (i.e. by the exercise of an option to purchase)
If you are considering capital expenditure on new equipment for your business, we are able to provide competitive finance options ensuring you make the most of the new investment incentive scheme (Super Deduction) as well as manage cash flow.
Contact Simply Business Finance to discuss your requirements on 01273 961755