Agricultural and rural businesses often require large amounts of finance. Any machinery or vehicle purchase needs careful consideration to assess the profitability and cashflow consequences as well as ensuring the purchase is undertaken in the most tax efficient manner. Items to be considered include:
• Timing of acquisition of machinery including combine harvesters and tractors to maximise capital allowances
• Cost effective financing whether on the acquisition of cars and vans or agricultural machinery
• Tax and commercial comparison of lease hire against hire purchase
• Benefit in Kind and other tax consequences of private use of business assets
Contact us to discuss your business requirements in more detail and find out how we can help.