Website leasing has great advantages for new and existing businesses to keep costs to a minimum and maintain better cash flow. Also many people are not aware that there are also “Tax Benefits of leasing a website” also known as pay as you go websites.
Leasing an asset is like renting it over a period in return for fixed rental payments. Many UK businesses take advantage of leasing.
Renting or leasing assets can be tax efficient – this can reduce your overall tax bill, as the cost is deductible as a business expense. This is a factor in determining whether you should rent or lease an asset, rather than buy.
Here are some other points to consider when leasing:
- You do not bear the risk that, when you have finished with the asset, its value has decreased below the amount you paid for it.
- The asset can often be replaced by a newer one, by upgrading at little or no extra cost.
- You do not have to find a large cash deposit.