Car Taxable Benefit
July 29th, 2008
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Question: How can I found out the most tax efficient way of buying a company car?
I'd like to buy a car through my business but don't want to get stung with a huge tax bill. Apparently certain cars with low emissions are exempt from being as classed taxable benefits. Does anyone know anything about this? Ideally I'm looking for a list of cars that don't incur a lot of tax so I can see if I like any of them!
Sorry - should have been more specific. I was referring to income tax.
Answer: this may not sound true but it is, i met a a guy who had his own business and he said he had done some research into company cars, and the car that come up trumps across the board is a Lotus Elise!! It was best for cost, it had the best value for depreciation and fuel economy and also tax! so maybe if u like them u could go for one of them??!!
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