redscouse Posted August 21, 2009 Share Posted August 21, 2009 We are thinking about buying a Toyota Pickup (new) for the company and registering it in the company name. There will be no named driver as such so no tax implication regarding it being a perk. We will buy it on finance. We feel this is better than leasing or renting as of course we will own the vehicle at the end so have some equity for what we have paid out. However we are unsure about implications regarding tax. Does anyone know how we go about this, do we show as an asset, can we write the value down every month against tax (depreciation) etc. Any help will be appreciated Link to comment Share on other sites More sharing options...
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