Hey, would appreciate a heads up on this as its the only thing holding me back (y)
Am I the only one who read this (admittedly now old) post as Hot u knob?
Hmm I need to speak to your accountant who do you use. Mine has advised me plenty of times that it would be difficult for most people to claim only business use for cars. Especially this car..unless your a driving instructor
There are similar deals going on this for PCH (not business). The criteria from Alphabet (the financier, owned by BMW) is a ballache; 1. Get a Company Car allowance (NOT a mileage allowance) 2. Own a company 3. Send them a copy of your employment contract showing that you get (1) Loophole is available ;)
You have to be using it solely for business use. For example sales reps going to different places. One place of work wouldn't count as business use - it's commuting.