Benefit in Kind. buying company car

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January 22, 2011 at 12:39 am #47226
njmirza
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Hello
List price of 90000
After some time the employee was given the car for nothing, marker value 40000.

What is the assessable benefit.

will appreciate any help.
May 8, 2011 at 6:58 pm #76532
Tax Tutor
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A gift of a car results in a benefit of the market value at gift £40000 in your example
Hope this helps
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