Ferrari on company balance sheet

Ferrari on company balance sheet

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oharedm

Original Poster:

186 posts

270 months

Friday 4th November 2022
quotequote all
Has anyone looked into (or actioned) putting a Ferrari on their company balance sheet as an asset. I will need to put in additional cash in as Director loan + the trade-in value of my existing 488.
I presume insurance become more complicated ie. expensive ? Tax implications ?