Our client (sole director of a limco) has purchased specialised tools during the year of an automotive nature. His business is not automotive. When asked, he claimed that the company had purchased the tools in order for him to effect repairs personally on one of the company's vehicles. Said vehicle has been off the road for several months waiting for him to do it.
Is it reasonable, assuming that the director has the relevant knowledge and ability, for him to claim that there is no obligation for him to take the company's vehicle to a garage and that he has taken it upon himself to fix the vehicle? It is a roughly 13 year old vehicle. I realise that, having said that it has been off the road for several months, there is a chance that he will never get around to it but that's another argument for further down the road.