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Company Car Lease (EV) - but not trading

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    Company Car Lease (EV) - but not trading

    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!

    #2
    Have you asked your accountant. I am sure my 'fans' are wailing in the background but if you want to know anything about how your tax is affected then your accountant is the only person that can give you advice based on your actual situation. We are a bunch of random contractors, not accountants.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

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      #3
      Originally posted by northernladuk View Post
      Have you asked your accountant. I am sure my 'fans' are wailing in the background but if you want to know anything about how your tax is affected then your accountant is the only person that can give you advice based on your actual situation. We are a bunch of random contractors, not accountants.
      I have. He's useless. Looking for wider opinions

      Comment


        #4
        Originally posted by gypsymoth View Post

        I have. He's useless. Looking for wider opinions
        Time to find a new accountant and you could use this as a "filtering" question.
        merely at clientco for the entertainment

        Comment


          #5
          Originally posted by gypsymoth View Post

          I have. He's useless. Looking for wider opinions
          Get a new one then.
          'CUK forum personality of 2011 - Winner - Yes really!!!!

          Comment

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