If required this car made available to an employee can also be utilised for customer/business rental (which is the nature of the trade) if they run short of vehicles to hire out. So since it is the employer's business model to lease cars rather than buy them and it is not solely for the employee's use should I use the cost to the employer of leasing that particular car or the car's market value when new to work out the taxable benefit?
2nd Jul 2021
Benefit - car rules or provision of asset rules
Employer leases cars to hire out to customers. they are leasing an extra car for an employee's use
Share this content