company car v own car

[babycheeses]

Could anyone dumb down the pros & cons of a contractor having a co. car under their ltd company v. their own car? Or point me in the right direction.

How do I calculate which is the best financial option?

[Bluebird]

Could anyone dumb down the pros & cons of a contractor having a co. car under their ltd company v. their own car? Or point me in the right direction.

How do I calculate which is the best financial option?

Private is best.

[THEPUMA]

Private is best.

Usually but not always. If you have a newish, smallish car or a double cab pickup they are quite often better owned through the company.

[Bluebird]

Usually but not always. If you have a newish, smallish car or a double cab pickup they are quite often better owned through the company.

ahh, yes - depends on your carbon emissions thingymajig.

[d000hg]

If I don't actually need a car to work, can the company still own a car and let me use it?

[Bluebird]

If I don't actually need a car to work, can the company still own a car and let me use it?

yes but you get hit for BIK as well.

[Ardesco]

If I don't actually need a car to work, can the company still own a car and let me use it?

BIK