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Alfgalante(Newbie)Newbie
21 Nov 2023

I have been told by lease company that sole traders cannot get novated leases is this true or these companies cannot be bothered to do the extra work

2,977 views
1 replies
2,977 views
1 replies

Most helpful response

Most helpful reply

ChantelleATO(Community Support)Community Support
22 Nov 2023

Hi @Alfgalante


If you're a sole trader, you can't pay yourself a salary or wage, so you can't get a novated lease.

A novated lease is where an employer pays the lease for you by deducting the amount from your salary or wage.


All replies

Most helpful reply

ChantelleATO(Community Support)Community Support
22 Nov 2023

Hi @Alfgalante


If you're a sole trader, you can't pay yourself a salary or wage, so you can't get a novated lease.

A novated lease is where an employer pays the lease for you by deducting the amount from your salary or wage.


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