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Old 21-04-12, 10:01
mash101 mash101 is offline
Expert XT-Moto
 
Join Date: Sep 2011
Location: Near Gatwick UK
Posts: 222
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Company bike purchase

I was told by a mate that you could buy a bike through your business & get it VAT free. I have been trawling the internet for info, & it seems a bike is classed as an asset, not a vehicle by HMRC, so there could be many tax benefits if you are a company owner/director. BUT: it seems the bike would need to be exclusively for business use. Any budding accountants out there got any info about loopholes etc which would allow some personal use too????????