Anyone here doing this with a reasonably expensive vehicle? There isn't enough money in the business to buy it outright, but it appears there are some fairly good tax efficiencies if one combines them - there are also some awesome hybrids about compared with a year or two ago, not forgetting the Tesla option.
Struggling to find information on exactly how you would combine the purchasing and repayment options (salary sacrifice == contribution reducing BIK right, and business can get 100% corporation tax relief on the full cost of the vehicle even if doing hire purchase??)
Yes I should probably search, and / or ask my accountant, but it'd be nice to hear some opinions.
Struggling to find information on exactly how you would combine the purchasing and repayment options (salary sacrifice == contribution reducing BIK right, and business can get 100% corporation tax relief on the full cost of the vehicle even if doing hire purchase??)
Yes I should probably search, and / or ask my accountant, but it'd be nice to hear some opinions.
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