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The concept of leasing
has been part of our commercial finance industry for centuries particularly in
the real property arena. During the early 1950s, leasing began to
emerge as a viable alternative to
purchasing certain types of equipment. In today's commercial finance markets, a business can lease virtually any type of equipment using a
variety of terms.
In general, the business of
leasing involves exceptionally complex concepts regarding taxation and
accounting. As with your personal taxes, business tax rates and
incentives for the purchase of equipment can vary considerably from year
to year. The
overall benefits of a lease on a particular piece of equipment depends
greatly on the tax code and other transactional details at the actual
time of purchase.
Generally speaking, however, for business owners, there may be
considerable tax benefits when leasing a piece of equipment.
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