Hey everyone, I've got two questions regarding the finance lease and hire purchase: 1. From my understanding, for tax purpose, if it's a finance lease, you can deduct the repayment (rent) but you cannot claim the depreciation of a asset. However, you can deduct the interest included in the repayment and claim the depreciation if it's a hire purchase. Am I correct? 2. For accounting purpose, can you recognise the asset in your balance sheet for both financial arrangements? Thanks for help.