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Business owned car

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245

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  • chikexx1
    chikexx1 Posts: 11 Forumite
    10 Posts
    I don’t work there I look after the children. No he has informed me the business is thriving! But my car has to go !
  • Swoosh84
    Swoosh84 Posts: 173 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Do you know if he paid you a salary from the company? Can be a tax efficiant way to get funds out of the company by using your personal allowance.

    J
  • chikexx1
    chikexx1 Posts: 11 Forumite
    10 Posts
    No I dot work there ! I look after the children. 
    He says the business is fine! My car just had to go !
  • Sea_Shell
    Sea_Shell Posts: 10,030 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    I'd be checking my personal tax account with HMRC.

    Maybe you were (are) getting "paid" you just never saw the money!!

    Why are (were) you a director?
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • chikexx1
    chikexx1 Posts: 11 Forumite
    10 Posts
    I probably sound absolutely stupid but I have no idea! I feel I am totally backed into a corner! I have been involved and married to this man for 17 years! He is an accountant and dealt with everything! How stupid was I! Looks like I will have no car !
  • Sea_Shell
    Sea_Shell Posts: 10,030 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Do you not have access to any of your own funds to go and buy yourself a replacement?
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • chikexx1
    chikexx1 Posts: 11 Forumite
    10 Posts
    No he’s frozen all accounts 
  • Sea_Shell
    Sea_Shell Posts: 10,030 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    chikexx1 said:
    No he’s frozen all accounts 

    How are you putting food on the table for the 3 kids?

    Do you not have ANY accounts solely in your own name?

    You need to open one ASAP.
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • chikexx1
    chikexx1 Posts: 11 Forumite
    10 Posts
    Good family and friends thank god! Hopefully when the divorce is settled this should change! Losing the car is just another form of his control!
  • HampshireH
    HampshireH Posts: 4,946 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Can I recommend you speak to the national domestic abuse helpline if you haven't already . They will be able to assist you with the financial abuse you are experiencing and advise you on relevant benefits etc you may be entitled to

    0808 247 2000
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