Company car tax for used vehicle

Angelis · 08-02-2005, 11:44 AM

I'm thinking of getting a company car this year. I've looked online, but all the calculations seem to be for New cars as oppsosed to used cars.

My company is looking to give me a £50,000 car which is about 7/8 years old and has a 3.5 Litre engine.

Anyone know what the tax considerations would be?

bizal · 09-02-2005, 06:30 PM

Not sure you want to know!!! its based on emissions ( you can look this up on the web for the type of car being offered) and that car sounds like it would be v high. Can you not opt out?

Angelis · 10-02-2005, 01:24 AM

It's my company, so I'm quite flexible.

Was thinking of getting something that would'nt be a personal asset. Might have to postpone it for another year I guess.

bizal · 11-02-2005, 03:22 PM

Depending on your mileage a would doubt that your proposed method would be cost effective. I would charge the company back at 40 per mile etc and that way you will pay less tax

08-02-2005, 11:44 AM	#1 (permalink)
Angelis Senior Member Join Date: Nov 2004 Posts: 222	Company car tax for used vehicle I'm thinking of getting a company car this year. I've looked online, but all the calculations seem to be for New cars as oppsosed to used cars. My company is looking to give me a £50,000 car which is about 7/8 years old and has a 3.5 Litre engine. Anyone know what the tax considerations would be?

09-02-2005, 06:30 PM	#2 (permalink)
bizal Senior Member Join Date: May 2004 Location: Glasgow Posts: 254	Re: Company car tax for used vehicle Not sure you want to know!!! its based on emissions ( you can look this up on the web for the type of car being offered) and that car sounds like it would be v high. Can you not opt out? __________________ Lead Generation, Sales Training & Advice www.bizal.com

10-02-2005, 01:24 AM	#3 (permalink)
Angelis Senior Member Join Date: Nov 2004 Posts: 222	Re: Company car tax for used vehicle It's my company, so I'm quite flexible. Was thinking of getting something that would'nt be a personal asset. Might have to postpone it for another year I guess.

11-02-2005, 03:22 PM	#4 (permalink)
bizal Senior Member Join Date: May 2004 Location: Glasgow Posts: 254	Re: Company car tax for used vehicle Depending on your mileage a would doubt that your proposed method would be cost effective. I would charge the company back at 40 per mile etc and that way you will pay less tax __________________ Lead Generation, Sales Training & Advice www.bizal.com

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