The Finance Act: What has been the impact? Dilip Nathwani, relationship director at Lombard Corporate Asset Finance, offers some answers.(Business)

From: The Birmingham Post (England) | Date: February 21, 2008 | Copyright information

The Finance Act of 2006 was heralded as having the potential to have the largest effect on the asset finance industry for a number of years.

Why?

The Act has made some leasing solutions comparative to debt as a funding proposition, but it is complex to understand how these solutions can assist businesses as they tend to involve a combination of balance sheet, tax and economic life tests.

The Act opened a number of opportunities to the asset finance industry but more importantly the customer now has an even wider range of financial instruments they can utilise to fund ...

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