I am seriously considering getting a new X-type SE as part of my
new job perks. I’ve been self-employed for almost a decade so am a
bit rusty on the company car rules and I hase questions the Inland
Revenue site doesn’t seem too clear on:
I would obviously get more car for my allowance by buying higher
spec secondhand. Can UK listers confirm that since for tax purposes
it is the price when new that they use, then even if I got a
bargain my liability would be exactly the same as if I’d bought the
car brand new several years ago?
Are there any break points in terms of age at which the car’s value
is regarded as reduced? Would buying a 5-6 year-old XJR or Super V8
for a quarter of its new price (approx) land me with the same tax
bill as if I’d forked out the full price way back when?–
Peter Crespin 94 X300 Daimler / 66 2+2 ‘E’
Buxton, United Kingdom
–Posted using Jag-lovers JagFORUM [forums.jag-lovers.org]–
–Support Jag-lovers - Donate at http://www.jag-lovers.org/donate04.php –
In reply to a message from Peter Crespin sent Fri 21 Jan 2005:
Its all a con anyway as Revenue have always insisted value based on
full list, that no one actually pays. It was twisted socialism that
caused this ie if you worked for large employer he would be getting
a better fleet discount that a small company.
So therefore large company employee would have benefit, and under
socialism you all have to be equal!