Lets face it, you are only gonna be able to pull this stunt if you own or part own the company, in which case it's still your money that's buying the bike.
Well yes it is but as I said if you are a higher rate tax payer it does save some tax. You buy a £6k bike personally you have to have had £10k of income to get £6k. You buy it through the Company then you have outlaid nothing and the Company gets tax relief aswell in year one of £2000. Yes you do have the annual benefit charge but overall it seems to work still especially with the Company paying the running costs and getting tax relief on them aswell.....
Yep - that's the bottom line as far as I can work out. If you own/part own a Ltd company and are going to take money out of the company to buy a bike then it could well be better for you to have the company buy the bike instead - dependant on running costs etc. If you already have the money available outside the company then it would more likely be better to just buy the bike yourself. I looked at this when buying my D16. The purchase price, running costs, likely resale value etc. plus the fact that I already had the money available from sale of another company meant that it wasn't worth me making it a company bike. However, if I wanted to buy a Multistrada as well it would likely be a different story.
