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Car allowance without a car
vikramrkin
Posts: 241 Forumite
in Cutting tax
Hi All,
As part of my new job, I have been offered a car allowance. But I dont have a car and I dont intend to buy one. I dont need it for my work.
Does it mean that the car allowance is taxed similar to the salary that I receive?
Are there any other conditions or rules for a "car allowance"?
Thanks for taking a look.
As part of my new job, I have been offered a car allowance. But I dont have a car and I dont intend to buy one. I dont need it for my work.
Does it mean that the car allowance is taxed similar to the salary that I receive?
Are there any other conditions or rules for a "car allowance"?
Thanks for taking a look.
0
Comments
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Whether you buy a car or not, a round sum allowance is always taxable. Look on it as an extra bit of salary.£705,000 raised by client groups in the past 18 mths :beer:0
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There are no rules about it.
Obviously, your company might have some rules, but thats different0
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