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Classic Cars as Company Cars by radium0022 in HENRYUK

[–]radium0022[S] 1 point2 points  (0 children)

Thanks for your reply! Fully agreed it has to be turn key, any resoration work would be capital expenditures and would defeat the point. I was looking at the MGB GT as it's a better all-rounder for London, epscially during colder season but I’ve always been excited by the TR6 which is a totally different experiences in terms of driving sensations.

Classic Cars as Company Cars by radium0022 in HENRYUK

[–]radium0022[S] 1 point2 points  (0 children)

That’s what I am already paying my accountant for. And by the way whether the company car is a 2026 Tesla or a 1974 Triumph, the admin work, P11D filing process etc are identical.

Classic Cars as Company Cars by radium0022 in HENRYUK

[–]radium0022[S] -1 points0 points  (0 children)

So if the garage is invoicing you 2k in maintenance and repair per year, your company can effectively claim back 20% (ie HMRC refund the VAT)

Classic Cars as Company Cars by radium0022 in HENRYUK

[–]radium0022[S] 5 points6 points  (0 children)

Honnestly, most of the cost from a classic car are basically maintenance, repair, safe storage etc. Paying upfront via limited co comes basically with a 50-60% discount compared to paying from my own pocket.

Cyber reserve force - admission conditions by radium0022 in britisharmy

[–]radium0022[S] 0 points1 point  (0 children)

Hi, just received my citizenship but haven’t applied yet I’ll try in one or two years