lonelyplanet
Registered User
- Messages
- 67
Hi all,
I have a small company with just 2 of us working in it (spouse and me). We have a van and car which were purchased privately many years ago and looking at the possibility of buying vehicles through the company . I want to upgrade the van and my wife wants to upgrade car ( both old vehicles) and thus looking at the possibility of purchasing van and crewcab jeep through company.
I am wondering if the benefits of tax , insurance and purchase through company outweighs the BIK implications for vehicles as I understand there is an 8% BIK per year on the Open Market Price of Vehicle..(stand to be corrected)
Thanks
I have a small company with just 2 of us working in it (spouse and me). We have a van and car which were purchased privately many years ago and looking at the possibility of buying vehicles through the company . I want to upgrade the van and my wife wants to upgrade car ( both old vehicles) and thus looking at the possibility of purchasing van and crewcab jeep through company.
I am wondering if the benefits of tax , insurance and purchase through company outweighs the BIK implications for vehicles as I understand there is an 8% BIK per year on the Open Market Price of Vehicle..(stand to be corrected)
Thanks