What are the advantages of a director taking a company car with PU

What are the advantages of a director taking a...

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Hi

I am trying to work out the comparison between a company car and a private car.

Ltd Co

1 Director

£20k 2nd hand, high co2, car with private use.

I have worked out the capital allowances, p11d cost to the director and the company.

But if the company 'buys' the car out of it's own reserves, rather than the director, having to take an extra drawing to buy the car, potentially causing him to be HR, what is the cost/saving of that,or how would I work this out.

Thanks in advance.

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By User deleted
26th Aug 2015 22:00

Your accountant will be able to advise. You need to work through the personal and business tax consequences of each scenario - and also consider non-tax issues: insurance, impact on the accounts, etc..

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