Hello, I am a medical professional and work as an independent contractor. Am I eligible to take out a novated lease on a car that I use for work purposes?
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Novated lease means that an employer has executed a deed of novation.
The purpose of novation is to protect the employer from any liability for lease payments if employee ceases to be employed there.
Best to consult your own accountant - then you will be able to rely on the advice provided.
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Novated lease means that an employer has executed a deed of novation.
The purpose of novation is to protect the employer from any liability for lease payments if employee ceases to be employed there.
Best to consult your own accountant - then you will be able to rely on the advice provided.
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