You are reading a single comment by @Sam_w and its replies.
Click here to read the full conversation.
-
There is quite a big loophole with classic cars as a company car, where if you get one worth less than £15k, you pay the benefit in kind on the original purchase price rather than on the current value. So for example if you buy a triumph spitfire, worth less than £15k you would pay BIK on the original cost of £550! it works out at something like £80 a year.
Sam_w
That's super cool. Is this your company car? I've not heard a classic ever being an option as such.