Sprinty
Active member
Hi there,
I have an i3 coming in a couple of weeks and I'm still not totally clear on which way to finance the i3.
I have a LTD company so plan to use the benefits that brings with it regarding cars in the UK
The two options, as stated in the subject, are:-
1. Buy privately and claim 45p a mile (for first 10000 miles, which I hope I don't exceed as that's my milage limit with BMW anyway)
Or
2. Buy through the company and claim money back through money off corporation tax payments.
I tried speaking to BMW but they don't seem to know which would be most tax efficient, I wonder if I can pick some brains of people to get some insight of which way to go?
Thanks
I have an i3 coming in a couple of weeks and I'm still not totally clear on which way to finance the i3.
I have a LTD company so plan to use the benefits that brings with it regarding cars in the UK
The two options, as stated in the subject, are:-
1. Buy privately and claim 45p a mile (for first 10000 miles, which I hope I don't exceed as that's my milage limit with BMW anyway)
Or
2. Buy through the company and claim money back through money off corporation tax payments.
I tried speaking to BMW but they don't seem to know which would be most tax efficient, I wonder if I can pick some brains of people to get some insight of which way to go?
Thanks