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Where Taxpayers and Advisers Meet

Lease "Hire" company car

rchwha
Posts:2
Joined:Tue Jun 20, 2017 4:55 pm
Lease "Hire" company car

Postby rchwha » Tue Jun 20, 2017 5:19 pm

A lease hire car in the name of a Ltd company qualifies for 50% reduction on standard rate VAT.
As it is the lease-hire as opposed to lease purchase we have been told the monthly payments are fully tax deductible.
Can anyone clarify ?

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