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Archive for the ‘Uncategorized’ Category

Should I buy a car or van through my limited company.

If you buy your vehicle through your limited company, the car belongs to the company and can only be used for company purposes. If there is ANY private use, the vehicle is treated as a benefit in kind and you will pay tax and your company will pay national insurance on the value of it.[…] Read more »

Should I buy or lease a car – for a sole trader (NOT A COMPANY)

Buying a car with cash or a loan  The car is yours at the end of the agreement and it will usually cost less to buy a car than lease it. The car can be included as an asset in the business and capital allowances can be claimed which will reduce the tax you pay.[…] Read more »