Company Car

**Red 7** · 17 May 2007, 11:24

Originally posted by THEPUMA

If a cpaital asset with cost exceeding £2,000 is purchased, VAT can still be recovered under the FRS.

Cool, thanks for that.

In that case, I think it might be time to contract hire a new Hilux.

**Red 7** · 17 May 2007, 11:26

Originally posted by Red 7

Cool, thanks for that.

In that case, I think it might be time to contract hire a new Hilux.

I'm not usually into the habit of quoting myself... but just realised that if I contract hire, the Hilux wouldn't be a capital asset....

bugger

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