If you have to pay for your office furniture and the refurbishment of your workspace upfront, you can only count a limited percentage of this for tax purposes. This is because you are only permitted to offset 65% of the capital cost against your capital allowances.
In contrast, if you follow the office furniture leasing route, this allows you to offset the total sum of repayments against your tax bill. This is the only type of borrowing that makes this possible, and for this reason it is by far the most tax efficient method of covering the cost of your furnishings and refurbishments.
The decision to lease office furniture also makes a big difference to your cash flow. With no hefty upfront costs, you can get the new office furniture your staff and workspaces really need, while retaining a healthy bank balance and freeing up funds for other purposes.