I have a client who wants to buy an £80k hybrid motor car Co2 79g/km through their ltd company and they require a cost analysis of the impact of this.
I am not sure of the some of the tax rules on this:
- Is "Hybrid" the same as "electric" in terms of P11d benefits calculation?
- If Hybrid is diesel does the P11d benefit loading apply?
- I believe that such a car would go into the 18% pool for capital allowances but my question here is that is there a maximum allowance availably on a car given that 18% of £80k is £14,400 tax relief.
- Anything else I need to be aware of that I might have missed?