Yorkshire Bank can help with your asset finance. We have the experience and connections to assist you finding the best solutions for future investment. From simple to comprehensive packages in the UK, our experience, complemented with partner support, will help you grow your business. Terms and conditions apply.
For all of our asset finance services, fees and charges will apply and will be dependent on individual circumstances.
|Finance new assets with the freedom and flexibility of a cash buyer||Hire Purchase||
|Acquire further assets without significant outlay||Lease||
Some of the industries that can benefit, include:
Standard (apply in most cases however there may be circumstances in which they do not apply).
|Customer claims capital allowances|
|Interest allowable against tax|
|Rentals allowable against tax (some restrictions for cars over £12k)|
|Working capital & cashflow benefits|
|Fixed, Variable or Tailored funding options|
|Fixed term and repayments/rentals (subject to change in VAT)|
|No VAT on repayments|
|VAT on asset cost reclaimable|
|VAT on rentals reclaimable (50% restriction on cars with private use)|
|Receive or share in proceeds from asset sale|
Tax treatments are in accordance with current Statements of Accounting Practice. The VAT and other tax restrictions described apply to new and some used cars. The restrictions do not apply to commercial vehicles and other assets.
The value of any tax benefits to you depends on your individual circumstances, the Law and Her Majesty's Revenue & Customs (HMRC) practice, which are subject to change.
The information given on these web pages is for guidance only. It is not intended as a substitute for professional advice, and you should ask your accountant and solicitor to advise you on the implications for your business of any of the options shown above, as these may vary depending on your business circumstances.
Our existing customers can apply for lending solutions online. All loans subject to status and eligibility.
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