How to fund a VWFS Lease

[golfdsg]

Been advised to put this question into the business forum, so here goes:


Been trying all day to come up with a solution to this dilemma with my accountant:

A private individual has leased a VW but due to personal circumstances needs to get rid of the car, I am ready to have the lease transferred over to me however VWFS only transfer leases to Private Limited Companies.

This would trigger a benefit in kind tax, I already lease a Mercedes but through my sole trader business which avoids this kind of tax.

I have spoken to my accountant and he advised to get the car as a sole trader or personal individual to avoid the hassle.

So does anybody have any suggestions, whether or not there is a way around the BIK tax, or should I move on?

Thanks

[golfdsg]

insurance_jon said:

we lease from VWFS as sole traders i.e insurance jon t/a lockyers

I'm sure if you did that it would be ok

Were you the first leaseholder or did you have a leased transferred over to you?

I am just asking because I spoke to VWFS and they said that they can not transfer the lease to a individual or a sole trader (which would have been easier for me), they can ONLY transfer to a private ltd company.