Quote:
| Originally Posted by G man I dont get taxed like that,
I have to do a Personal lease with a company called masterlease, I get lump sum per month in my wages and then get to pick whatever car from the list as long as it has 4 seats and no soft tops and pay the extra for what ever car I want.
I get taxed on a portion of the money they give me about £ 60.00 ish per month, all insurance, road tax and tyres are in the deal.
Then I get 15p per mile for fuel, so I only have to do 35 ish to the gal to break even.
G. |
Similar for me - my Pathfinder is a company car
They just uplift my salary by a fixed amount, then I get income taxed on that. But I have to pay for my own insurance / servicing etc.. if I do it that way. 13p per litre, but I can claim the difference between 13p and 40p per litre back from the tax man
I can go for a lease car, but if I do it via the company I lose the benefit and end up with a tax bill, and in the long run it ends up more expensive.
But the £400 road tax this year, along with the cost of diesel is making me think twice when I can get away with using the Audi.