So in my company I have a choice of getting a company car or alternatively I can have my own car and get paid a car allowance instead.
So with new electric cars being BIK exempt that's a real opportunity for me. However I was wondering if I purchased my own 2nd hand electric car and drew down the car allowance from the company, have I grounds for BIK exemption on that allowance?
Why not. The allowance is for me to buy my own car without being forced to take a brand new one from a lease hire with a big BIK bill. If I buy a 2nd hand electric car why should I not benefit from my decision in The same way I would if I got a new car instead of the allowance?
Why not. The allowance is for me to buy my own car without being forced to take a brand new one from a lease hire with a big BIK bill. If I buy a 2nd hand electric car why should I not benefit from my decision in The same way I would if I got a new car instead of the allowance?