Hi,
We are a small business and I am looking to purchase a Tesla as a Company Car.
My thinking is as follows: Re the purchase of the car, I thought it would be beneficial to put through the company and utilise the capital allowance. High level my thinking was as follows:
List Price say £50k
Capital Allowance = £50k, therefore, saving in tax is £9.5k saving in Corporation Tax.
Company Car tax would then be circa £1.5k this year and then drop next year to £205.
Does this make sense or am I missing something? Re the running of the car... the option of 45p per mile etc - understood. But my thinking is on the purchase there should be better advantages.
Thanks
A.
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