Car Finance

[Sockpuppet]

Does it not attract a £3000 charge, under ITEPA s155(3)?

Since you are using another car for your 1000 miles a week, I'd suggest that your use fails the test

I'm paying £3500 BIK for it. £3000 for the van and £500 for the fuel. So £700 of "cash from my pocket" in real terms. Still not bad for effectively getting £10k off the list price. Plans are to let it depreciate within the company and then sell it to myself. Effectively 1/3 of the depreciation is from the govt money that way.

[Zoiderman]

Each to his own. I would rather look a cock in a poxy car than have a poxy cock in a decent one.

Now here, you see, is a much better example of wit, and appreciated after a barren couple of weeks from the retards here.

Very good work

[Zoiderman]

I'm paying £3500 BIK for it. £3000 for the van and £500 for the fuel. So £700 of "cash from my pocket" in real terms. Still not bad for effectively getting £10k off the list price. Plans are to let it depreciate within the company and then sell it to myself. Effectively 1/3 of the depreciation is from the govt money that way.

We did it with a ranger Wildtrak. kept for 18 months, bought pre reg'd for £15,995, £3500 on the tax BiK and we sold it for £14k , after selling it to ourselves for £10k+VAT.

Good way to run things, then you do get a lot of value from the company purchase.

[shaunbhoy]

Now here, you see, is a much better example of wit

But only in your opinion. Which, as we have seen lately, is worth fook-all round here!!!

2/10

[HRHisaravingfelchlord]

I predict a post by HRHisaravingfelchlord fairly soon.

Zoiderman, put the kettle on and calm down luv.

[d000hg]

<Random comment for Zoidy to quote/>

[sasguru]

Zoiderman, put the kettle on and calm down luv.

[Zoiderman]

But only in your opinion. Which, as we have seen lately, is worth fook-all round here!!!

2/10

But it seems to be attracting you love. I don't know, you skirt wearers aren't that good at this are you.

[shaunbhoy]

But it seems to be attracting you love. I don't know, you skirt wearers aren't that good at this are you.

What....no ubiquitous "son"? Have I done something to fall out of favour then?

[d000hg]

No "son" but you got a "love". I think that's a step up in his heart.