Does Area Sq offer a Leasing option to help clients finance their fit-out project?
Area Sq offers an Office Furniture and Interior Fit-Out Leasing package in partnership with CHG-MERIDIAN Capital Limited to help clients finance their refurbishment or relocation project. Leasing a fit-out project is highly tax-efficient and allows you spread the cost over a number of years and maintain a positive cash flow.
Can Leasing work out more efficient than paying with cash?
By paying for your furniture and the refurbishment of your offices from your cash flow, only a limited percentage is available for tax purposes. This is because the Inland Revenue only allows you to offset 65% of the capital cost against your capital allowances. However, if you go down the lease rental route, this will allow you to offset the full 100% of repayments against your corporation tax bill. This is the only form of borrowing where this is possible, and as such makes it the most tax efficient method of paying for your furniture and refurbishment works.
Is Leasing inflation proof?
Lease rental programmes are fixed from the outset and are therefore inflation proof, which enables you to precisely calculate, and budget for future costs.
Who can benefit from a CHG-MERIDIAN Furniture & Interior Lease?
Typically Sole Traders, Partnerships, Limited Companies, Plc's, Charities and Educational Establishments.
What is the minimum order value?
£1000 + VAT
What is the maximum order value?
There is no maximum.
What is the length of the Lease?
Typically 12 to 36 months but it can be anything from 1 to 7 years.
Is a deposit required?
1 to 6 months rental dependent on the type of Lease.
Can the whole Turn Key Package be financed?
Yes, you can lease any of the following mix: office furniture, storage, seating, demountable partitioning, cabling, Cat 2 lighting, air-conditioning, carpet tiles, suspended ceiling, blinds, refurbishment costs, alarm and security systems, mezzanine flooring and any asset as part of your entire furniture and interior solution.
What is the treatment with VAT?
Lease rental - VAT paid with rentals.
Lease purchase - All VAT amount payable upfront with first rental.
What are the payment patterns?
Monthly, quarterly, annually, bi-annually - you can choose the most suitable for you.
How can I make payments?
Direct Debit or Invoice.
Is it possible to upgrade the equipment during the term of the Lease?
Yes - an upgrade option is available
What are the options at the end of the Lease?
1. Take title of the equipment for a nominal fee
2. Return the equipment
3. Carry on with a peppercorn rental
Please view our Office Fit Out Leasing Package Factsheet
For more information about our Leasing package, please contact us on 01784 274 000 or email info@areasq.co.uk
