Cars

Tax and the Company Car

Posted by Kath Docherty on September 10, 2014  /   Posted in Cars

One of the most frequently asked questions we receive is in relation to the use of cars for business purposes and how this will affect the tax liability.

Here, we will look at how tax relief works on the purchase of a car for both the self employed and company director and compare this to the option of  leasing. At the outset, we should make the point that the amount of tax relief for cars is now tightly linked to the CO2 emission of the car. This is the case regardless of whether you buy or lease.

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