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If you are thinking about expanding your veterinary practice and need some new equipment such as an x-ray machine, ultrasound or autoclave, lease (hire) purchasing is a sensible, tax-efficient option, helping you to spread the cost on a monthly basis.
Lease purchase agreements are usually for periods up to 5 years, after which the ownership of the equipment passes to you upon payment of a nominal title transfer fee.
Purchasing equipment through a lease (hire) purchase agreement is very tax efficient as you qualify for the Annual Investment Allowance (AIA), enabling you to deduct up to £500,000 of expenditure from your taxable profits.*
Click here to get in touch to discuss your plans for purchasing new equipment or to ask for advice on AIA.
*You have sole responsibility for the management of your tax and legal affairs. We recommend that you obtain your own tax and legal advice tailored to your individual circumstances. Snowbird Finance does not provide tax or legal advice.