Reply to: Leasing a car

[diseasex]

So if I am reading that right, you can pick up a business lease but account for it as mileage for a personal car?

That seems dodgy.

I think he says to consider lease payments as drawings. The mileage is only for tax efficiency

[TheLordDave]

Thats what my accountant said when asked if it's possible to avoid BIK on leased car on company name:

Hi Tomasz,

You could put it in the company name and put all the costs associated as drawings. What we would then need is a legitimate and logged mileage claim to clear the overall cost.

Example

Cost in the year £250*12 =£3000

Miles needed to clear the cost £3000/.45 = 6,666.66 miles in the year.

If there was a shortfall in miles done for the year then this would be a drawing to you in dividends.

All petrol and running costs would be drawings also as you cannot claim petrol and running costs against a personal car, only mileage.

Hope this helps

Kind regards

I find it hard to understand.

So if I am reading that right, you can pick up a business lease but account for it as mileage for a personal car?

That seems dodgy.

[diseasex]

The best trick I've found is to let a BMW driver out in traffic when they can't push in.

They always look like they are going to pass out with the shock....

[SueEllen]

Haha no, i'll watch bmw tutorial "how to be an ass on the road"

The best trick I've found is to let a BMW driver out in traffic when they can't push in.

They always look like they are going to pass out with the shock....

[TykeMerc]

Haha no, i'll watch bmw tutorial "how to be an ass on the road"

You've nothing to learn, you're already under the impression that a badge has some equity and your posts are all illiterate bollocks so if you drive with that quality then you're set as a BMW owner (or utter cockwomble as a realistic alternative).

I do hope your badge and your debt make you immensely pleased with your life.

[AtW]

Did you go for the optional extra "indicators" - very few Audi drivers seem to.

FTFY

[diseasex]

If you've ordered a GT you're already an SME.

ME

[LucidDementia]

If you've ordered a GT you're already an SME.

[diseasex]

Did you go for the optional extra "indicators" - very few BMW owners seem to.

Haha no, i'll watch bmw tutorial "how to be an ass on the road"

[WTFH]

Did you go for the optional extra "indicators" - very few BMW owners seem to.

[diseasex]

Car arrived today as agreed three weeks ago at 08:30, best customer service and communications I've experienced for a long long time

I'm ordering mine today
BMW 3 Series Gran Turismo Diesel Hatchback Ref: #593414 320d xDrive M Sport 5dr Step Auto [Business Media] business car lease - What Car? Leasing

[gables]

Just had a read of the Meet the Staff page, it's the funniest thing I've read in a long time

Car arrived today as agreed three weeks ago at 08:30, best customer service and communications I've experienced for a long long time

[DaveB]

I like it, and Ling herself is worth following on twitter. Much better than the politically correct averaged out bland nonsense most of the world floods us with.

Just had a read of the Meet the Staff page, it's the funniest thing I've read in a long time

[AtW]

You need a sofa that pays for itself....

Nah, too many £20 notes, NEXT!

[greenlake]

It's ok to buy a sofa as long as it's at least 4 years interest free credit with nothing to pay for at least a year...

You need a sofa that pays for itself....