Office Refurbishment that Leaves you In Pocket
14 November 2008
Rap Office Contracts are offering businesses office refurbishment payment plans, where tax can be claimed back on interest payments- not only covering the rate but actually leaving you with money left over.
Essential office refurbishment costs can often exceed £10,000, including initial demolitions, electrical installations, building works and furniture, an expensive outlay for any business.
RAP Office Contracts have decided to offer finance for their office refurbishments in order to help preserve company's valuable working capital The new finance option will allowi businesses to spread the cost of refurbishment over a course of 3 or 5 years.
To calculate the cost of an average office refurbishment at £10,000, repayments would be £321.07 per month for a basic 3 year lease. The tax deductable interest on that payment would be £1,558.52. Assuming the tax rate is 25% the tax to be claimed back would be £2,889.63, £1331.11 more than what would have been paid in interest.
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