Select and purchase Altendorf spares parts from R&J Machinery. We are the home of Altendorf UK, and offer the widest range at the best prices.
R&J Machinery have partnered with !leading finance providers to provide our customers with finance packages tailored to your specific, individual needs.
Leasing woodworking machinery will benefit you in many ways:
In the following example we are making a few assumptions. Let's say the machine we want costs £7,500, we are opting for a 3-year lease period, we pay our rental quarterly, and our company tax rate is 21%.
Year | Capital Allowance | Tax Relief |
---|---|---|
1 | 18% of £7,500 = £1,350 | Less 21% = £283.50 |
2 | 18% of £6,150 = £1,107 | Less 21% = £232.47 |
3 | 18% of £5043 = £907 | Less 21% = £190.47 |
This gives us a total tax relief of £702.44.
Year | Capital Allowance | Tax Relief |
---|---|---|
1 | 4 rentals of £817.73 | Less 21% = £686.89 |
2 | 4 rentals of £817.73 | Less 21% = £686.89 |
3 | 4 rentals of £817.73 | Less 21% = £686.89 |
This gives us a total tax relief of £2,060.67.
The company that has chosen to lease its equipment and has gained £1,354.23 in tax relief.
Call our sales team today on 01455 840224 for a machinery finance quote tailored to your needs.