The best is to buy on account and pay in the next financial year surely? I thought that hire purchase was a 100% debt and therefore 100% of the value could be offset, whether at 25% or 100%. Another question to ask the accountant, surely the only people to come back from their Christmas holidays so they can go skiing!
Bob Croxford In a message dated 1/7/03 9:42:46 AM, d.townend writes: << So does it not stand to reason that with the present system its most 'tax efficient' to pay for the kit and end up owning it pretty quickly - e.g. acquisition and outright purchase to occur in same tax year ? Sorry if this makes no sense. Any advises most welcome. Regs, D >> =============================================================== GO TO http://www.prodig.org for ~ GUIDELINES ~ un/SUBSCRIBING ~ ITEMS for SALE
