Restoring a classic car through my business

Restoring a classic car through my business

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C Lee Farquar

Original Poster:

3,164 posts

173 months

Thursday 9th July
quotequote all
Thank you Eric for the informative phone call yesterday, much appreciated.

I'm left with the opinion if I wanted to run/repair a classic car through my business then giving it my wife as a company car, with her paying the benefit in kind through her PAYE. This works the same whether a sole trader with employees or a limited business.

However I've looked at the car I was considering and it's beyond economic repair so I'm now considering an early Land Rover.

It seems this will be more straightforward being a commercial vehicle.

There are additional aspects, such as percentage of private use, and I've based this post on my particular situation.