The quick is answer is YES, you can finance your entire fit out project and one of the benefits is, it is 100% tax deductible! As a result, it’s possible that it could save you money by paying monthly rather than all at once.
It’s a little known option that you can finance your fit out or refurbishment through leasing, which may allow you to increase your budget and get the premises you always wanted, rather than settle on a design that is less than perfect. It’s not often you decide to do a complete makeover on your offices, so why not make a real statement. And we do mean you can lease the full project – from initial design costs, chairs, desks, even the paint on the wall!
By leasing your fit out project, means you don’t have a large, single outlay, easing cash flow and allowing that capital to be invested in other important areas of your business. In addition, if you pay for your project in ‘one hit’, it also means you have to pay the full VAT value on the project, whereas when the project is leased, you spread the VAT cost on a monthly basis too.
Many companies are now choosing the financing route, which avoids placing any financial strain on the company and paying a substantial cost up-front for what is, effectively, a depreciating asset. Leasing other business equipment, such as vehicles or IT equipment, is considered ‘best practice’ for companies, but the lesser known option of leasing a fit out is fast gaining traction and popularity in the business world. SPF Projects work with several leasing companies who specialise in this sector, such as Bluestone Leasing, who provide a handy lease calculator on their website, so you can see what your approximate monthly repayments would be. You can find Bluestone and the lease cost calculator >here<
If you would like to refurbish your existing premises and believe financing could be a good option for you, why not contact one of our specialist team at SPF Projects who are always happy to chat through the various options available to you. You can contact the SPF Projects >here<
This calculator is for guidance and estimate purposes only and does not constitute a formal offer of finance nor acceptance. Rates may vary depending upon customer circumstances, varying interest rates etc. We use a number of specialist leasing companies and we will provide you with their contact details for you to contact them directly.