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Leasing a car

I’m thinking of leasing a car in the name of my personal company. Do you have any recommendations to keep the tax burden down?  

Firstly, if the car triggers a benefit in kind, then you will always be better off looking for a vehicle with low CO2 emissions, as this will result in a lower car benefit percentage and therefore a lower personal tax liability for you.

Furthermore, you should also be aware that if the car has emissions over 160g/km, it is likely that 15% of the lease payments will be disallowed for corporation tax purposes. If the emissions are below this level, the entire lease payments should be tax deductible.

However, please note that this level will reduce to just 130g/km from 6 April 2013.

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0800 0523 555

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