Is Lease-to-Own Empowering Buyers? Or Creating a False Sense of Ownership? (1.Viewing)

Intro: Lease-to-own deals sound great: low entry cost, flexibility, and a path to ownership.

But are registrars and brokers really protecting both sides? Or just shifting the risk downstream?

It's a viable option if you're short on funds but always a risk until the domain is in your account under lock and key.

There is something else only savvy business men know...

You can add a domain name purchase into your advertising account and write it off 100% but any really large purchase may be scrutinized by Revenue Canada so purchasing a 50k domain over 5 years allows you to write off 10k per year.

Technically you can depreciate any tangible purchase over 5 years anyways but digital purchases have their own set of tax rules so for some businesses a purchase over a few years may be desirable even if they can afford to pay for the domain in it's entirety.

MacMan said:

It's a viable option if you're short on funds but always a risk until the domain is in your account under lock and key.

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Absolutely, MacMan. Both sides must grasp risks and set clear terms. So how would you minimize them?

MapleDots said:

purchasing a 50k domain over 5 years allows you to write off 10k per year

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I really appreciate your insights, Mapledots!

Despite your explanation, how can one deduct 10k annually under Canadian tax law?
Are there other countries offering similar tax benefits?