Are you thinking about spending a large sum of money on an item of equipment or maybe a computer for your business but are maybe put off by the hefty pricetag?
Do remember that large items of equipment and also computers usually qualify for 100% tax relief so factor that into your thinking.
Could it be that you simply don’t have enough to buy the item now and are wondering about borrowing the money to buy the piece?
Remember that if you buy an item of equipment or maybe a computer and borrow to make the purchase not only do you get tax relief on the cost of the item but you also get tax relief on any interest you pay on the loan or HP used to finance the purchase.
Now of course it’s always cheaper to pay for the item outright but if It’s what you urgently need and it’s at a good price and you are sure you can meet the repayments don’t hold back.