On 6/1/03 1:45 pm, "Ian Goodrick" wrote:
> You also have to be sure you are not undertaking a lease/purchase, as the > tax situation is different. > Yes, this is true. However, with a lot of leases (especially IT equipment) the lease company tends to give it to you at the end of the lease (as they have made their cash by hiring it to u and claiming the tax allowances for themselves from HMG). As a G3 (for instance) is basically worth bugger all after a 4 yeqr lease then it usually ain't worth the lease company collecting and auctioning it! I've never leased anything (looking long and hard at the sums, which tend to make sense...but I'm old fashioned!), but my old man leased some cash registers once for his business; at the end of the lease the lease company gave it to him......dunno what the tax position was on this?? paul sav =============================================================== GO TO http://www.prodig.org for ~ GUIDELINES ~ un/SUBSCRIBING ~ ITEMS for SALE
