BIK on Classic Car

[eek]

sorry. Not ridiculous enough for this thread.
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6 days to charge to full using a UK standard car charger point.

212kWh to go 300 miles

Americans really don't get energy efficiency do they?

[TheDude]

You can have medical expenses, provided by the business, to cover "pedicures". That would attract a BIK and be reported on the P11d.
So yes. You can.
Good luck getting your local beauty salon to provide you with an invoice to suit the claim

I was going to do the work myself though.

[Lance]

You mean I need to rethink the conversion of the company E-type to electric?

sorry. Not ridiculous enough for this thread.
Here Introducing the GMC HUMMER EVs | Electric Truck & SUV

6 days to charge to full using a UK standard car charger point.

[Lance]

I am now wondering if I can claim medical expenses for trimming my toenails.

You can have medical expenses, provided by the business, to cover "pedicures". That would attract a BIK and be reported on the P11d.
So yes. You can.
Good luck getting your local beauty salon to provide you with an invoice to suit the claim

[TheDude]

I owned a company car before that I did the work on and never thought to charge the company for my time, but would that really make any difference?

I am now wondering if I can claim medical expenses for trimming my toenails.

[northernladuk]

I owned a company car before that I did the work on and never thought to charge the company for my time,

You are kidding right? Sums this whole post up that does.

[mgrover]

No, that's because pure electrics attract a way better tax treatment to encourage people to buy them, so they make economic sense.

Well am still going to pay the tax on this car either way so I don't really see the problem?

[mgrover]

Was the plan involving a non-runner (or one requiring a lot of rebuilding), sell it to the company, get the company to pay for all the repairs, maybe do an engine rebuild while there, charge the company for your time doing the work on it at weekends (see your previous thread about doing overtime), then sell it back to yourself at the same price as you paid for it, or maybe at the same price + cost of materials spent, or at a depreciated value since most cars depreciate?

If so, I’ve got an old Alfa badge, might be off a 1969 Spider. I could sell it to MyCo for £10, then do some “minor repairs” and have a £15k car in a few months…

I owned a company car before that I did the work on and never thought to charge the company for my time, but would that really make any difference? Like I'd have to set myself up as a garage, then maintain that business, all its paperwork etc etc and I'd still have to pay the corp tax etc etc?

Nah engines solid thankfully, it's just some rust work, but unfortunately due to the lack of supply in terms of decent body shops the prices are going through the roof atm.

But this car is appreciating, I bought it for 15ish, after the rust work it'll probably be worth 25k. The plan was to just pay the BIK forever. I get that obviously becomes a problem if i do ever want to buy it back given it'll be worth a nice chunk of change.

[SueEllen]

Remember all those MPs that got in trouble for raising expenses that had absolutely nothing to do with their business?

Duck house?

Moat?

Seems I forgot about the toaster -

https://www.shropshirestar.com/news/...penses-claims/

[PerfectStorm]

Remember all those MPs that got in trouble for raising expenses that had absolutely nothing to do with their business?