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  • Tax Breaks for Directors - Part 1  Directors only - 5. Company cars - 5.2. Ownership and choice of the car
    5.2. Ownership and choice of the carThe car should be owned or leased by the company and lent to you to use as you wish. The company should insure the vehicle for both business and personal use, and pay for the car tax, plus all repair and servicing costs. You should not take on the ownership of the car, although you can be its registered keeper.If you sign a lease agreement in your name, but the company pays the instalments on your behalf, it’s not a company car. In this case you are financially responsible...
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