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Ridiculously expensive car options

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Comments

  • vikingaero
    vikingaero Posts: 10,921
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    It depends doesn't it. Let's say I own my small business and I'm going to make £50k net profit this year. I can either pay tax on the whole £50k or I could but a £40k BMW/Merc with £10k worth of options and pay no tax whatsoever (apart from VAT, first reg tax etc).
    The man without a signature.
  • Inactive
    Inactive Posts: 14,509 Forumite
    vikingaero wrote: »
    It depends doesn't it. Let's say I own my small business and I'm going to make £50k net profit this year. I can either pay tax on the whole £50k or I could but a £40k BMW/Merc with £10k worth of options and pay no tax whatsoever (apart from VAT, first reg tax etc).

    It's tough being a banker.. decisions..decisions.:D
  • Gene_Hunt_2
    Gene_Hunt_2 Posts: 3,902 Forumite
    Inactive wrote: »
    It's tough being a banker.. decisions..decisions.:D

    Did you say banker?
  • vikingaero
    vikingaero Posts: 10,921
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    It is tough... accepting bonuses from your state owned bank... :p:D
    The man without a signature.
  • Inactive
    Inactive Posts: 14,509 Forumite
    vikingaero wrote: »
    It is tough... accepting bonuses from your state owned bank... :p:D

    :rotfl::rotfl::rotfl:

    You brave fool.. :D:D
  • 10JH
    10JH Posts: 287 Forumite
    vikingaero wrote: »
    It is tough... accepting bonuses from your state owned bank... :p:D

    Maybe you could claim some of those options as expenses?

    That £6k air freshener could be part of your motoring costs!
  • Inactive
    Inactive Posts: 14,509 Forumite
    10JH wrote: »
    Maybe you could claim some of those options as expenses?

    That £6k air freshener could be part of your motoring costs!

    Don't encourage him..:D
  • 10JH
    10JH Posts: 287 Forumite
    Inactive wrote: »
    Don't encourage him..:D

    It's fair enough to claim an air freshener on expenses :wink:
  • vikingaero
    vikingaero Posts: 10,921
    Part of the Furniture 10,000 Posts Combo Breaker
    Forumite
    10JH wrote: »
    It's fair enough to claim an air freshener on expenses :wink:

    £6k for an air freshener?! :eek: I'm not a MP ya know! :D
    The man without a signature.
  • Inactive
    Inactive Posts: 14,509 Forumite
    vikingaero wrote: »
    £6k for an air freshener?! :eek: I'm not a MP ya know! :D

    Nope, but it's a close run thing. :D
This discussion has been closed.
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