Originally posted by nobody123
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Previously on "Electric Vehicles 0% Benefit In Kind 2020"
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Sorry should had said I was considering leasing for 2 years not buying...Originally posted by BolshieBastard View PostWhat should have stopped you in your tracks over buying a Tesla are the absolute horror stories of owners in the US when the vehicle gets to about 3 years old. And no, it's nothing to do with the batteries either.
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Originally posted by nobody123 View PostThis is what stopped me in my tracks ordering a tesla as I may not be trading via Ltd in future so holding off for now
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Originally posted by kissmyaIR35se View PostHypothetically, in this case, could you not extract an EV "tax-free" before MVL?
On the other hand at least I now know which poster you previously were.
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Originally posted by kissmyaIR35se View PostHypothetically, in this case, could you not extract an EV "tax-free" before MVL?
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Originally posted by northernladuk View PostOr if you have to go inside and need to close the company.
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It gets more appealing when you have retained funds, ER is going away so the appeal to increasing those funds is diminished, and you'd have to pay 32.5% dividend tax to extract the money.
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Originally posted by BolshieBastard View PostYes, you could but remember:
EV cost a premium over their ICE equivalent.
An EV may suit your mileage right now but what about the next contract that needs an overnight stay?
Current EV charging infrastructure is growing but you will find fewer places have super fast charging stations.
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Originally posted by kissmyaIR35se View PostDone a little search and not seen much coverage on this. Reasonably neutral source:
Tax Benefits - GUL
So in theory with capital allowance and BIK relief you can buy yourself a nice EV? Does it have to be purely for business purposes?
EV cost a premium over their ICE equivalent.
An EV may suit your mileage right now but what about the next contract that needs an overnight stay?
Current EV charging infrastructure is growing but you will find fewer places have super fast charging stations.
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Electric Vehicles 0% Benefit In Kind 2020
Done a little search and not seen much coverage on this. Reasonably neutral source:
Tax Benefits - GUL
So in theory with capital allowance and BIK relief you can buy yourself a nice EV? Does it have to be purely for business purposes?Tags: None
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