Pallet racking leasing offers real financial advantages over outright purchase of any storage products costing over £1000 +VAT.
Shelf Space work in conjunction with top leasing and financial institutions within the UK to bring flexible and cost effective finance agreements that are built around your specific needs and credit rating.
Leasing preserves cash flow so you can direct funds into other parts of your business. The asset itself acts as security rather that your business or personal property.
There are benefits to choosing pallet racking finance as a means of acquiring your storage equipment, over buying the pallet racking outright. You may qualify for some tax relief when buying outright, however leasing offers better tax allowances.
Cash purchase may only attract a writing down allowance of 18% per year against either Corporation Tax or Income Tax on a reducing balance basis. Leasing can be 100% tax allowable, because Lease Rental Payments are classed by the Inland Revenue as a Revenue Expense.
VAT is only paid on the amount of each Lease payment made, whereas a cash purchase requires the full amount of VAT immediately. VAT paid can be reclaimed in full at the end of each quarter.
The advantages and benefits to you and your business of using finance to purchase your pallet racking system: