GETTING THE TAX MAN TO PAY FOR YOUR COMPANY CAR AND MAXIMISE YOUR TAX WRITE OFF

Getting a car through your company can come with a host of different tax issues to consider. In this video Joshua Tharby explains the key concepts and how to minimise the amount of tax you pay when doing so.

[pavelroll]

Great content! Would be awesome if you could make a video where you write all the numbers down on white board.

[hakimvlogs]

I used to think this too but recently I heard you can only claim the depreciation and the interest?.. also is it better to do it in your own name and then lease it to your company ?

[arsenewenger]

If you are a partnership / sole trader can u deduct the Hire purchase monhtly cost as a tax deduction?

[Alpsok]

Great video - would be great to speak to you and your company

[martinevans]

I work mostly from my laptop. Does the car have to be for business use or can I use it 90% for personal use?

[pistonslapuk]

If it’s only used for private and the occasional business use can the full monthly payments still be paid for by the company and then me personally pay the BIK?

[WatchingTheo]

How would HMRC know if you used it at all for personal use? Why bother with paying any BIC?

[smile]

Only if you can prove the vehicle is for business purposes

[TimRichardson]

Thx for info. Is lease or pcp better option when getting via Ltd comp? Been quoted 9 month wait for new 45e via lease currently

[ciarandoherty]

So how much did you end up paying in total for the car