Limited Company purchasing motorbike as an investment

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BR14 replied

14 February 2018, 20:14
Originally posted by Crossroads View Post

As a biker, curious to know what bike you are thinking of buying. Can't see it being anything other than taxed as plant (like a bike you use as a business tool) unless your business is restoring or selling bikes, which I'm guessing it isn't.

He wants the taxman to subsidise his hobby, no wonder HMRC dislike us all so much
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Crossroads replied

14 February 2018, 17:23
As a biker, curious to know what bike you are thinking of buying. Can't see it being anything other than taxed as plant (like a bike you use as a business tool) unless your business is restoring or selling bikes, which I'm guessing it isn't.
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northernladuk replied

8 February 2018, 21:49
Need to search better then..

https://forums.contractoruk.com/acco...ollection.html
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northernladyuk replied

8 February 2018, 21:38
Originally posted by BR14 View Post

Shame this isn't in general, got to keep my gob shut

I'm going to go out on a limb and say that in this case, psychocandy rules apply.
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Mr Integrus replied

8 February 2018, 20:58
Originally posted by TheCyclingProgrammer View Post

It’s normally more beneficial to have investments in your own name as you have a CGT allowance and maybe a lower band if CGT compared to the corporation tax YourCo would pay.

Perhaps it's time to take an extra large dividend payment then .....
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BR14 replied

8 February 2018, 20:47
Shame this isn't in general, got to keep my gob shut
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TheCyclingProgrammer replied

8 February 2018, 20:43
It’s normally more beneficial to have investments in your own name as you have a CGT allowance and maybe a lower band if CGT compared to the corporation tax YourCo would pay.
Leave a comment:
tarbera replied

8 February 2018, 20:37
And people wonder why HMRC want to take our tax at source
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Mr Integrus started a topic Limited Company purchasing motorbike as an investment

8 February 2018, 20:27
Limited Company purchasing motorbike as an investment

There are plenty of posts regarding a company providing a motorbike to be ridden but I cannot find anything about purchasing one as an investment. The bike I have in mind is used (about 8 year old if this matters) and will need some completing with spared ending to be purchased. As this will not be ridden for some years to come, what are the tax implications on the company and myself as a director? If the seller is VAT registered, I'm assuming I can claim the VAT back.

I'm assuming I'm not the first to look at doing this.

Many thanks in advance.

Regards, Mark.
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