Car Benefit

Car Benefit

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Director's car is leased.  On leasing the car, Director introduced capital sum to reduce monthly payments.  Am I correct in saying the P11d benefit is calulated same as a regular company car ie. value minus capital contribution, multiplied by %?   Also is it entered in normal company car boxes on P11d as opposed to the boxes for Asset made available for use?

Thanks for any help! 

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By Steve Knowles
29th May 2012 15:54

Leased car

Is treated as a car benefit in exactly the same way as if it was a fixed asset on the balance sheet.

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