Soft Asset Calculator

*The total cost of the finance lease rental payments is tax-deductible as a business expense against your profits. This means they qualify for tax relief for the duration of the lease agreement and help to reduce your business’ overall tax bill. The above example calculation assumes a Lease Agreement with a corporation tax level of 25%.

We also offer Hire Purchase Agreements that can take advantage of Full Expensing Government Tax Saving Scheme on eligible items, please see link here for more information.

Full expensing, capital allowances and any associated tax reliefs depend on individual business circumstances and may be subject to change by HMRC. Readers should not rely solely on the information here when making investment or financing decisions.

First Business Finance does not provide tax advice. Businesses should consult a qualified accountant or tax professional to confirm eligibility for any reliefs and to understand how these may apply to their specific situation. All finance facilities are subject to status, credit approval and terms and conditions. Failure to keep up with repayments may result in additional charges and could affect your credit rating.