4 ms·
Model X has arrived in the UK recently. As a UK company director (contractor), I seem to be able to tax efficiently buy one of these things and get rid of my ga
by boothead 10y ago
Model X has arrived in the UK recently. As a UK company director (contractor), I seem to be able to tax efficiently buy one of these things and get rid of my gas guzzling family 4x4. Anyone done this, I'm still a bit hazy on how the BIK tax and finance costs work?
Should I do it?
- tonyedgecombe 10y ago£72,000 for an entry level model? That seems a lot to me (although I don't own a car at all now).
- boothead 10y agoYeah it is a lot. I wouldn't consider buying a brand new car normally. However As currently structured it seems to be a fairly tax efficient way to extract money from the company (vs just buying one from after tax earnings). I was wondering if anyone went down this route with the model S or is going to with model x.