Originally posted by Lance
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At a guess:
1. Lease electric car through company = zero or very low BIK
2. Personal insurance is cheaper than business insurance, so only get personal insurance.
3. He paid for the insurance personally, but now he wants to claim back 100% of it from his company.
What he has admitted:
The car is 80% personal use.
It's therefore a company "asset"/expense where the majority of use is unrelated to the company.
The personal insurance policy he has specifically excludes cars that are on a company lease. They must either be privately leased or privately owned.
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