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Electric Vs Lease
neal.madz
Posts: 4 Newbie
Newbie here, handle with care!
Is it more tax efficient to buy or lease a new Tesla Model 3 via a ltd company?
My wife owns a limited company, we have about £9K in the business and she paid £900 corporation tax last year. We currently charge the company 40p per mile for our current car and use 20% for personal miles. I assume because it's an EV, it's better to finance the car via the business. She's a lower tax bracket earner.
Thanks in advance!
Is it more tax efficient to buy or lease a new Tesla Model 3 via a ltd company?
My wife owns a limited company, we have about £9K in the business and she paid £900 corporation tax last year. We currently charge the company 40p per mile for our current car and use 20% for personal miles. I assume because it's an EV, it's better to finance the car via the business. She's a lower tax bracket earner.
Thanks in advance!
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Comments
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This forum is about welfare benefits. Your question would be better placed in the saving tax forum.Information I post is for England unless otherwise stated. Some rules may be different in other parts of UK.0
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Thank you, I've moved it there. I don't see an option to close this thread but if a moderator comes across this, please do!0
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