PHEV company car - what’s classed as new?

[DSLiverpool]

Looking to get a PHEV of some sort through the company as it makes sense.

Can I get an ex demo / low miles - what’s the exact definition of HMRC new to get the full BiK benefit please.

[Fat hippo]

First registered owner, I believe

[jeremyc]

LOH has just been though this in buying an i3S for his wife.

LOH on his Readers' Cars thread said:

With the current rules, I needed for tax/company reasons to buy new or according to gov.'s website, " a car that has been used for demonstration purposes only". So an ex-demo then? Yes said the accountants! As long as I was the first retail customer.

[DSLiverpool]

Perfect thank you. Looking at a DS7 PHEV 4x4 to replace the Bentayga

[Fat hippo]

https://www.gov.uk/hmrc-internal-manuals/capital-a...

I think this is what you want. Suggests that demo still counts as new. I was a little surprised by it

[DSLiverpool]

Cheers - combined with buying via. PCP it’s a huge saving and preferable to a lease for my requirements.

[Silverage]

Mine was a delivery mileage pre- reg, but I was a bit worried when it came with a “used car invoice”. My accountant confirmed that it was good enough to count though.