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Leasing Questions
eltiodolfo
Posts: 70
Do we need to pay taxes on cap cost reductions? Either a down payment or an incentive. I believe the answer is yes and I usually add that tax to the net cap cost. I live in Florida.
When calculating the sales tax, is it calculated against the depriciation fee only or depriciation fee and finance fee?
When calculating the sales tax, is it calculated against the depriciation fee only or depriciation fee and finance fee?
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Best Answer
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kyfdx
Posts: 148,817
eltiodolfo said:Do we need to pay taxes on cap cost reductions? Either a down payment or an incentive. I believe the answer is yes and I usually add that tax to the net cap cost. I live in Florida.
Yes
When calculating the sales tax, is it calculated against the depriciation fee only or depriciation fee and finance fee?
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