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?

Oakey

27,593 posts

217 months

Friday 25th July 2014
quotequote all
This topic was discussed this week, it's further down the bottom of the page

IanHg

Original Poster:

414 posts

238 months

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

Eric Mc

122,058 posts

266 months