Funding car purchase via company

Funding car purchase via company

Author
Discussion

IanHg

Original Poster:

414 posts

238 months

Friday 25th July 2014
quotequote all
I'm looking for the cheapest way to finance a car. I could take the money out of my company any pay tax on it or use it as a company car but the car is for personal use as well as business so assuming that holding it as a company car would be expensive.

What I was wondering was if there was a legit way of buying the car via the company and leasing it to myself - avoiding any taxable benefit etc.

Is there a good way of doing this or have HMRC got it all sewn up tight?

IanHg

Original Poster:

414 posts

238 months

Friday 25th July 2014
quotequote all
Thanks. I don't look at this bit very often.