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Great advice thank you!
Can I set up a limited company and buy or lease a car through the company?
Didn’t find this helpful… what was the outcome? Which way is cheaper through a Ltd business?
Summary. You can’t win. You will end up paying more in accountancy fees to figure out this convoluted system than any savings you could hope to make 😅
If you purchase a full electric new car to get the benefit of 100% but go through Hire Purchase do you take off the full value of the vehicle immediately in that tax year even though it will be paid off over 3-4 years?
Yeah I need clarification on this point.
Yes. But then when you sell it later it’s a taxable event I believe so it’s more like deferred tax rather than saved tax.
Useless video.
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Great advice thank you!
Can I set up a limited company and buy or lease a car through the company?
Didn’t find this helpful… what was the outcome? Which way is cheaper through a Ltd business?
Summary. You can’t win. You will end up paying more in accountancy fees to figure out this convoluted system than any savings you could hope to make 😅
If you purchase a full electric new car to get the benefit of 100% but go through Hire Purchase do you take off the full value of the vehicle immediately in that tax year even though it will be paid off over 3-4 years?
Yeah I need clarification on this point.
Yes. But then when you sell it later it’s a taxable event I believe so it’s more like deferred tax rather than saved tax.
Useless video.