100% First Year Plant & Machinery Allowance on Electric Cars

[john@UKCA]

Has anyone considered buying a new electric car through their limited company and claiming the 100% write off against profits in the year of purchase? Under current rules no taxable car benefit arises as the car does not have a co2 emissions figure.

Take a look at the Tesla Roadstar sport car for instance!

[northernladuk]

You are aware they don't make them any more so cannot buy a new Tesla Roadster?

[malvolio]

You are aware they don't make them any more so cannot buy a new Tesla Roadster?

The OP's been seen on various boards and LinkedIn groups. Accuracy is not his strong point. Bit worrying for an accountant....

[cojak]

The OP's been seen on various boards and LinkedIn groups. Accuracy is not his strong point. Bit worrying for an accountant....

I'm keeping an eye on him...

[cojak]

And look what my beady eye has alighted upon...

Thank goodness UKContractorAccountant can offer

✓ Tax-efficient Structures.
Retain up to 90% of your contract income with our tax structures designed to minimise your overall tax liabilities.

Presumably such a scheme removes any IR35 concerns.

Where do I sign?

Is everyone aware on my views regarding this sort of thing?

[Pondlife]

7

[PEEL]

Has anyone considered buying a new electric car through their limited company and claiming the 100% write off against profits in the year of purchase? Under current rules no taxable car benefit arises as the car does not have a co2 emissions figure.

Take a look at the Tesla Roadstar sport car for instance!

I had the benefit of driving a Tesla once. They helped fund one of the racing projects at our Uni's Mech Eng department and through contacts etc a bunch of us got to drive one around at Silverstone after Formula Student. It was a great car but I'd never dream of buying one. Thanks for the information though.

[convict]

what about the BMW i3 (or upcoming i8)
BMW i3 : Technical data
that appears to have an emissions figure of 0