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Reply to: company car v own car

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Previously on "company car v own car"

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  • Ardesco
    replied
    Originally posted by d000hg View Post
    If I don't actually need a car to work, can the company still own a car and let me use it?
    BIK

    Leave a comment:

  • Bluebird
    replied
    Originally posted by d000hg View Post
    If I don't actually need a car to work, can the company still own a car and let me use it?

    yes but you get hit for BIK as well.

    Leave a comment:

  • d000hg
    replied
    If I don't actually need a car to work, can the company still own a car and let me use it?

    Leave a comment:

  • Bluebird
    replied
    Originally posted by THEPUMA View Post
    Usually but not always. If you have a newish, smallish car or a double cab pickup they are quite often better owned through the company.

    ahh, yes - depends on your carbon emissions thingymajig.

    Leave a comment:

  • THEPUMA
    replied
    Originally posted by Bluebird View Post
    Private is best.
    Usually but not always. If you have a newish, smallish car or a double cab pickup they are quite often better owned through the company.

    Leave a comment:

  • Bluebird
    replied
    Originally posted by babycheeses View Post
    Could anyone dumb down the pros & cons of a contractor having a co. car under their ltd company v. their own car? Or point me in the right direction.

    How do I calculate which is the best financial option?
    Private is best.

    Leave a comment:

  • babycheeses
    started a topic company car v own car

    company car v own car

    Could anyone dumb down the pros & cons of a contractor having a co. car under their ltd company v. their own car? Or point me in the right direction.

    How do I calculate which is the best financial option?
    Tags: None

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