Recent content by LVS-UK

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    Buying or Leasing a low Co2 vehicle through my company

    I wouldnt rule out Contract Hire if maintenance costs are your concern. You can opt for a car that has a CO2 rating of below 160g/km which would allow you to off-set 100% of the monthly rental cost and 50% of the VAT. The remaining 50% of the VAT can also be offset against profitable tax...
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    Buying or Leasing a low Co2 vehicle through my company

    Thats correct. In essence, by claiming the 100% tax relief, on your books you are writing the value of the car down to £0. Therefore when you sell it, you will be liable for tax on the profit made on the sale. If you then buy another car that qualifies for 100% tax relief at the same time...
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    New

    Hi, I am in the process of setting up a new business and would welcome any advice or guidance you are able to offer me. My business will offer Fleet Consultancy to SME's nationwide to ensure they benefit from the best possible terms when purchasing vehicles, insurance or anything else that's...
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    New Starter

    Hi everyone, I am at the very early stages of starting up my own business and any advice guidance you can offer would be greatly appreciated. I have a million questions, which you'll be pleased to know I wont through out there all at once, but if you could help with these for starters I...
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    Norfolk...

    Hi, just joined the site today, lots of questions to come from me. I'm based in Norwich, live near Acle. I look forward to speaking to you all soon.
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    Buying or Leasing a low Co2 vehicle through my company

    Hi Geeba, The only thing to consider is if you claim 100% allowance in year one when purchasing the vehicle, when you effectively sell it (or trade it in), you will have a balancing charge. In effect, you cannot claim the 100% allowance, then not have to give something back. For example...
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