Hospitality faq's

FAQs

 

Characteristics Lease CHP Chattel Mortgage
Are repayments tax deductible?* Yes No No
Can you depreciate the equipment as tax deductible?* No Yes Yes
Is the interest tax deductible? No Yes Yes
Is GST payable on the cost of the equipment? No Yes Yes
Is GST payable on repayments? Yes No No

* If used for income producing purposes.

For further information please contact one of our Hospitality & Retail Finance experts on +61 (2) 9212 0799.

 

 

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