Please help

[crad_01]

I am about to set up as a sole trader in the Building Industry for which I will need to Purchase a van. Please can someone advise me of the most efficient method with which to make my purchase? I understand there are basically three main ways to finance a vehicle, Finance Lease, Hire purchase and Contract hire. Finance Lease appears to be the most suitable and affordable however I am unsure whether I will receive the maximum tax benefit as I doubt I will be vat registered for a few years yet.

Thank you in advance for your help

[someone has my name]

Best bet is to talk to an accountant.

[EqualOpportunities]

A mate of mine contract hires Citroen Berlingos for 26 quid/week if that's any help...

[Dow Jones]

Get some back

If you are VAT-registered, you can claim the VAT for the purchase/hire of the van (same as for any tools) - part of your work