100% First Year Plant & Machinery Allowance on Electric Cars

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convict replied

16 August 2013, 11:23
what about the BMW i3 (or upcoming i8)
BMW i3 : Technical data
that appears to have an emissions figure of 0
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PEEL replied

16 August 2013, 09:18
Originally posted by UK Contractor Accountant View Post

Has anyone considered buying a new electric car through their limited company and claiming the 100% write off against profits in the year of purchase? Under current rules no taxable car benefit arises as the car does not have a co2 emissions figure.

Take a look at the Tesla Roadstar sport car for instance!

I had the benefit of driving a Tesla once. They helped fund one of the racing projects at our Uni's Mech Eng department and through contacts etc a bunch of us got to drive one around at Silverstone after Formula Student. It was a great car but I'd never dream of buying one. Thanks for the information though.
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Pondlife replied

16 August 2013, 08:42
7
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cojak replied

16 August 2013, 08:17
And look what my beady eye has alighted upon...

Originally posted by mudskipper View Post

Thank goodness UKContractorAccountant can offer

✓ Tax-efficient Structures.
Retain up to 90% of your contract income with our tax structures designed to minimise your overall tax liabilities.

Presumably such a scheme removes any IR35 concerns.

Where do I sign?

Is everyone aware on my views regarding this sort of thing?
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cojak replied

16 August 2013, 08:08
Originally posted by malvolio View Post

The OP's been seen on various boards and LinkedIn groups. Accuracy is not his strong point. Bit worrying for an accountant....

I'm keeping an eye on him...
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malvolio replied

16 August 2013, 08:04
Originally posted by northernladuk View Post

You are aware they don't make them any more so cannot buy a new Tesla Roadster?

The OP's been seen on various boards and LinkedIn groups. Accuracy is not his strong point. Bit worrying for an accountant....
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northernladuk replied

16 August 2013, 07:48
You are aware they don't make them any more so cannot buy a new Tesla Roadster?
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john@UKCA started a topic 100% First Year Plant & Machinery Allowance on Electric Cars

15 August 2013, 22:34
100% First Year Plant & Machinery Allowance on Electric Cars

Has anyone considered buying a new electric car through their limited company and claiming the 100% write off against profits in the year of purchase? Under current rules no taxable car benefit arises as the car does not have a co2 emissions figure.

Take a look at the Tesla Roadstar sport car for instance!
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