FINANCING YOUR PROJECT

OFFICE FIT OUT or REFURBISHMENT - 

FINANCING YOUR PROJECT

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Metre Squared Interiors works closely with dedicated Finance partner's to offer our clients a cost effective alternative to using cash resources for a project.

Many businesses are finding leasing offers a number of significant benefits including

Easier budgeting to suit your cash flow
Payments are fixed for the period which can be anything from 2 to 5 years.
Flexibility to add to the lease as necessary and include everything
If your requirements change during the period of the lease you can add furniture or any other office equipment to the agreement at any time.
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Preserves existing borrowing power
Other lines of credit from your bank or other finance houses remain intact for other credit needs.

Payments come from a revenue budget as opposed to a capital budget
Don’t be restricted by capital budgets. Finance the total fit-out and make use of huge tax advantages.

If you pay for the furniture and refurbishment of your building from your cash flow, only a limited percentage is allowable for tax purposes. Because of the ‘intangible’ elements, the Revenue may only allow you to claim capital allowances against approximately 65% of the project. However, if you lease the works, the repayments are 100% allowable unlike any other form of finance such as a bank loan. This 100% allowance on payments makes leasing the most tax efficient method of refurbishing a building and can WORK OUT CHEAPER THAN PAYING CASH!
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