All articles by Tarun Mistry
Tarun Mistry
Potential change to the VAT of finance leases
The VAT treatment of finance leases in the UK has been well understood for many years, with VAT being accounted for at the time that periodic payments are due under the terms of the agreement This should be contrasted with VAT accounting in relation to hire purchase agreements, where VAT is accounted for in full at the start of the contract
Sale and leaseback limited by tax restrictions
Sale and leaseback (S&LB) of assets is a useful technique for improving working capital and is increasing in popularity again, even though many of the historical tax benefits are greatly reduced.
Caution favours the bold
Buying leasing portfolios in the current climate could be an attractive option Grant Thornton partner Tarun Mistry runs through the potential pitfalls and how to avoid them.