Limited Company purchasing motorbike as an investment

[Mr Integrus]

There are plenty of posts regarding a company providing a motorbike to be ridden but I cannot find anything about purchasing one as an investment. The bike I have in mind is used (about 8 year old if this matters) and will need some completing with spared ending to be purchased. As this will not be ridden for some years to come, what are the tax implications on the company and myself as a director? If the seller is VAT registered, I'm assuming I can claim the VAT back.

I'm assuming I'm not the first to look at doing this.

Many thanks in advance.

Regards, Mark.

[tarbera]

And people wonder why HMRC want to take our tax at source

[TheCyclingProgrammer]

It’s normally more beneficial to have investments in your own name as you have a CGT allowance and maybe a lower band if CGT compared to the corporation tax YourCo would pay.

[BR14]

Shame this isn't in general, got to keep my gob shut

[Mr Integrus]

It’s normally more beneficial to have investments in your own name as you have a CGT allowance and maybe a lower band if CGT compared to the corporation tax YourCo would pay.

Perhaps it's time to take an extra large dividend payment then .....

[northernladyuk]

Shame this isn't in general, got to keep my gob shut

I'm going to go out on a limb and say that in this case, psychocandy rules apply.

[northernladuk]

Need to search better then..

https://forums.contractoruk.com/acco...ollection.html

[Crossroads]

As a biker, curious to know what bike you are thinking of buying. Can't see it being anything other than taxed as plant (like a bike you use as a business tool) unless your business is restoring or selling bikes, which I'm guessing it isn't.

[BR14]

As a biker, curious to know what bike you are thinking of buying. Can't see it being anything other than taxed as plant (like a bike you use as a business tool) unless your business is restoring or selling bikes, which I'm guessing it isn't.

He wants the taxman to subsidise his hobby, no wonder HMRC dislike us all so much