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Tax Issues - Reduction in Taxible Benefits

Busines Mileage | Older Cars | Example | Cars Available for Part of Year

Older Cars Example


Example 4
Car registered 1 August 1989, price: £12,500, business miles: 9,500

Taxable benefit of car: 35% of price £4,375
less: one third for business mileage £1,458 = £2,917
less one third for age of car £972
Car benefit charge £1,945

 
 
     
 
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Lex Vehicle Leasing

Oxford Vehicle Leasing

Tel: 01491 615 500
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OVL Group Ltd
Registered in England no. 05505558
Registered Address: 88 Sheep Street, Bicester, Oxon, OX26 6LP

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