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| Contract Hire | Personal contract Hire | Finance Lease | |||||||||||||||||||||||
| Contract Hire Overview | PCH Overview | Finance Lease Overview | |||||||||||||||||||||||
| Benefits | Benefits | Benefits | |||||||||||||||||||||||
| Tax implications | Tax implications | Tax implications | |||||||||||||||||||||||
| Contract Hire includes | PCH includes | Finance Lease includes | |||||||||||||||||||||||
| Contract Hire Agreements | PCH Agreements | Finance Lease Agreements | |||||||||||||||||||||||
| Used vehicle contract Hire | Used vehicle PCH | Used vehicle Finance Lease | |||||||||||||||||||||||
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Personal Contract Hire Tax With Personal Contract hire the leasing company is able to reclaim the VAT on the cost of the vehicle. This makes the overall cost of the car less. VAT is included in the monthly rental price of a personal contract hire rental - And cannot be reclaimed. However there is no benefit in kind taxation on a personal contract hire lease. |
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PCH
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