We are a limited business and an employee of the company would like a company car.
The employee will mainly use the car for his own peronal use as he doesnt do any business trip.
Therefore I was wondering if the Car Lease Cost was fully dedutable again taxable profits and therefore reduce CTax?
Thank you.
Replies (4)
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There is plenty of information available online, e.g.
https://www.gov.uk/government/publications/capital-allowances-for-busine...
Depends on exhaust emissions.
In principle, yes, but maybe not all the costs.
Is it just the car he's getting ? Or will he be getting free fuel?