Do I Purchase or lease/rent Office space?
Is is better to lease an office space or to purchase property? Which one has the best tax benefit?
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09/16/09 5:21am PDT
Viewed by asker 09/22/09 5:10am PDT
Viewed by asker 09/22/09 5:10am PDT
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twhitby
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09/22/09 2:23am PDT
That will depend on your own personal taxes... If you lease or rent you just write off the entire amount of money you pay out for the office space.. However if you buy your office space such as a office condo or a building you would more than likely buy it in your own personal name and then lease it to your company which in returns pays you rent for it... This is how almost everyone does it. They is more to this but this space doesn't have that kind of room to go into such details...
09/22/09 5:10am PDT
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This was really good advice I wish you could have gone more in detail .
