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So I've been looking into finance for my Model S, however, I think there are significant advantages to sourcing the money elsewhere.
Here's my thinking, assuming the purchase of a fully specced P85+ of £85k + VAT
I'm not an accountant, so can someone tell me if I have totally misunderstood something and got this all wrong?
Here's my thinking, assuming the purchase of a fully specced P85+ of £85k + VAT
- Until March 2015, there is a 100% FYA on the purchase. (HMRC Details) This means that my company could make up to £100k profit, TAX free this year. In real terms for me, it would be more like a saving of about £8,000 which was my 2012/2013 tax bill, and my 2014/15 year is looking similar.
- Claiming the VAT back. I'm currently not VAT registered, but if I do get registered before the purchase, then I can claim £17,000 back in VAT after the first quarter.
I'm not an accountant, so can someone tell me if I have totally misunderstood something and got this all wrong?