Client runs his own limited company through which he claims business mileage incurred in his own vehicle. He is also an employee of an unrelated company and is currently being offered a company car which will be available for private use.
If he accepts the company car he'll sell his personal car. Within the permitted private use he'll be driving business miles for his own limited company. Does the fact that he now doesn't own a vehicle preclude him from claiming milage from his own company?
At first I thought, no cost, no claim - but there is of course a cost because he's taxed on the private use of the company car (from his employment).
Thanks. And, anyone know of a good company car tax planning calculator?