Hey
My current company car lease on an electric car is coming to an end and I want to get another one for a couple more years via the company. There's a chunky amount of cash in there.
At present, I'm not trading and not likely to until late 2021 (at best). So effectively, there's no revenue this company year. I may be doing a perm role for a bit btw.
Excuse the naive question, but from a company and personal tax perspective, is there *any* advantage of doing the lease thru the company route this time round? Writeoffs, BIK, etc?
Or is it more advantageous to swerve it and get a personal lease?
Thanks!
My current company car lease on an electric car is coming to an end and I want to get another one for a couple more years via the company. There's a chunky amount of cash in there.
At present, I'm not trading and not likely to until late 2021 (at best). So effectively, there's no revenue this company year. I may be doing a perm role for a bit btw.
Excuse the naive question, but from a company and personal tax perspective, is there *any* advantage of doing the lease thru the company route this time round? Writeoffs, BIK, etc?
Or is it more advantageous to swerve it and get a personal lease?
Thanks!
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