Hello fellow acountants,
Right, quick question. Company own van cost £13'000 +vat 6months ago.
Can i buy it from the company for £2000 + vat i.e considerably less than market value ?
Is this allowed or deemed as some kind of benefit?
kind regards
pete
Right, quick question. Company own van cost £13'000 +vat 6months ago.
Can i buy it from the company for £2000 + vat i.e considerably less than market value ?
Is this allowed or deemed as some kind of benefit?
kind regards
pete