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Should I pay cash for capital equipment?

Nov 10, 2016 9:25 pm

Should I pay cash for capital equipment?

PJ Patterson

One of the big differences between Commercial Leasing and Hire Purchase is in the handling of tax deductions. With Hire Purchase, instead of claiming the whole monthly payment as a tax deduction as you do with a lease, you claim the depreciation of the equipment and any interest charged. This tends to mean you will deduct more in the early years compared to a Commercial Lease.

continue reading: http://www.keystonefinancial.com.au/should-i-pay-cash-for-capital-equipment/

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