Electric car

[LoanCharged]

Has anyone bought a brand new electric car through their Ltd Co.? 100% capital allowance apparently which makes it tempting? Kia will give you 7 yr warranty on batteries.

Yes, with the advice of my accountant ,although you could lease it too but I think you don't get the capital allowance. Expense the insurance and maintenance also e.g. tyres, charging point etc.

[tazdevil]

Yes, with the advice of my accountant ,although you could lease it too but I think you don't get the capital allowance. Expense the insurance and maintenance also e.g. tyres, charging point etc.

The company has to buy it and then gets 100% CTAX relief on the purchase price in year 1 although CTAX is then due on a future sale. But as I may have a big profit this year its something to look into as a way of bringing the tax liability down Trouble is I don't want a smart meter (solar PV and so forth attached) and I'm sure installing a charging point will require one. Any one got both a smart meter and dumb meter for cross checking the figures? Or what about a separate supply for the charging point?

[WTFH]

The company has to buy it and then gets 100% CTAX relief on the purchase price in year 1 although CTAX is then due on a future sale. But as I may have a big profit this year its something to look into as a way of bringing the tax liability down Trouble is I don't want a smart meter (solar PV and so forth attached) and I'm sure installing a charging point will require one. Any one got both a smart meter and dumb meter for cross checking the figures? Or what about a separate supply for the charging point?

You can take readings off smart meters and submit them yourself, it's the same as going out to the unit and reading the dials.

[d000hg]

Why would having an EV charging point installed by a local electrician require your supplier to be involved fitting a new meter? Is this actually a requirement?
One could surely fit a charger themselves if comfortable with home DIY electrics.

[vetran]

Why would having an EV charging point installed by a local electrician require your supplier to be involved fitting a new meter? Is this actually a requirement?
One could surely fit a charger themselves if comfortable with home DIY electrics.

Its a new circuit so notifiable?

[LoanCharged]

The company has to buy it and then gets 100% CTAX relief on the purchase price in year 1 although CTAX is then due on a future sale. But as I may have a big profit this year its something to look into as a way of bringing the tax liability down Trouble is I don't want a smart meter (solar PV and so forth attached) and I'm sure installing a charging point will require one. Any one got both a smart meter and dumb meter for cross checking the figures? Or what about a separate supply for the charging point?

No requirement of a smart meter was mentioned when I had mine fitted late last year. The fitting of the external charging point is much akin to fitting an outdoor socket but better left to the supply company as the electrician will give you a certificate of installation. If your consumer unit cant cope and they have to fit a new one then again , the electricians trade scheme will provide the Buildings Regulation Certificate of Compliance.

[LoanCharged]

Its a new circuit so notifiable?

I believe its only a new circuit if they have to fit a new consumer unit because your existing one doesn't have the spare RCD compatible slots.

[d000hg]

Its a new circuit so notifiable?

If you do it as a new circuit
But either way I can find no indication you must have a smart meter for an EV charger. However, if you want an EV-friendly tariff then your supplier might require an eco7 meter fitted and they may say "we only fit smart meters now".
We managed to get an eco7 one fitted (for EPC reasons) and requested a 'dumb' one but this was a few years ago. People who fear their usage data being known may choose to look online how to stop their smart meter reporting, I suppose. Obviously we wouldn't endorse that.