ACCOUNTANT EXPLAINS: How to Buy a Tesla Half Price

[@nischa]

📈 Get a free share worth up to £100 by using NISCHA at checkout or visit: nischa.me/trading212 👉🏽 My Intentional Spending Tracker (free) - nischa.me/intentionalspendingtracker

[@great4ever845]

What's your number?

[@WealthOverFameAndAttention]

what about fuel / hybrid plug in

[@Caveman227]

The title is misleading. The tax deductible and benefit in kind is applicable only to company cars

[@JoshHitti]

How is it misleading? It says how to, not how every Tesla owner does it

[@SPYSpreads]

She should have put in title buy cheap or free car as a business owner 🤷🏻‍♂️

[@FMD023]

She was being conservative and I 100% agree with her. She knows what she is talking about because you will end up saving more than half off a Tesla. With an EV grant and rebate I got for buying a 2021 model Y, I am practically paying only 3-4K out of pocket for a 58k car. You are most likely one of those people that will penny pinch hiring a CPA if they charged you $2500 to file your taxes.

[@DI-hd6st]

She knows her stuff, thanks

[@hbgriss]

So make up a company. Ne smart. What do you think 95% of “business owners” do?

[@jozefroman2110]

I bought a Tesla from the TSLA gains over last 5 years. 100% off the buy price. 6:43 awesome 🙂

[@w00t-w00t]

Great video Nischa. Something to bear in mind if one considers buying a USED EV, is that it won't qualify for the enhanced capital allowance. This means you can't deduct 100% of the vehicle's purchase price against your pre-tax profits. Instead, you can only claim an annual main rate allowance of 18% of the car's value. Another factor to consider is that for ALL EV's, 2% of the car’s value is BiK taxable this year BUT there will be a 1% rise, each year, for the next three years.

[@richardcorns8553]

Hi Nischa, I just found your channel and love it. I have 2 Ltd companies, one investment with 4 properties we rent out and a building company. Just bought a Tesla last year, and i was really surprised how much our CT was reduced. Needless to say, my business partner has just bought a new ev through our building company as the savings are so good. Anyway, I have a backlog of your videos to get through! Keep up the good work.

[@roscopeco2000]

Can you do a video on buying a new EV vs a second hand one? what the tax implications are? I find this subject so very complicated. Also how leasing/ buying out right effects how much you can claim?

[@shafiadnan]

Any findings?

[@ssmumich00]

Brilliant! In the US, lease was the only way for me to qualify for a Taycan, but with some haggling, got $14,500 off of the base. BTW you have a v non accountant vibe which really works for this channel.

[@reke9942]

Is it weird I'm learning more from Nischa than my actual account I pay for. Awesome video.

[@cadmuscassey]

Very well explained in detailed and interesting, I love the buying part of buying a car under a company so the tax is deductible.

[@bitsandblocks7826]

There is another option in UK but relies on your employer to provide it where you buy an electric car through salary sacrifice similar to pension or bike to work schemes. Only for electric cars which then allows you pay lease payments from your gross pay. Saving 40% for a higher rate tax payer. Great video as always 🙂 Same with pension employer benefits as doesn't pay employers NI on the sacrificed salary.

[@ruinunes8251]

Very interesting, I didn't know about it.

[@patrick7228]

Lol. Loved the eye roll / sigh. The charging time wasted argument always makes me laugh. Scrolling through instagram on your couch for 30 minutes or in your car while it's charging. What's the difference?😂

[@nischa]

Haha I couldn’t resist! 😂

[@arthercasillas2755]

I did push ups while waiting for my Tesla to charge . I felt like waiting for the charge time , was time wasted. Now I listen to audible or do push-ups.

[@littrades7324]

So don’t waste time scrolling on Instagram…the time wasted charging is ridiculous

[@robertalexander6555]

Sounds like you don’t have time management

[@mbrechenser2]

That sounds great but don’t forget to mention what you normally do about new car and how they loose 10% as soon as you drive them away from the showroom, then a father 30% in the next 3 years. It’s still obviously worth doing this way if it’s an electric car you need/want.

[@phillip530]

Need to factor in the dividends tax at 8.75% to take out the remaining money from the company which will slightly reduce what is left

[@Thomaat116]

Thank you for making great content! Very informative content presented in such a nice way. Not the "overhype everything" format you see nowadays on youtube 95% of the time.

[@syeeeed]

Loving your growth! Disovered you with 10k subs and you've changed the game so quickly. Fantastic, easy to digest content and delivered well :)

[@circuittoys]

Great video... unfortunately I'm an employee of a company and have no side hustle that I can use to shield an EV expense. ☹️

[@peterowen4456]

Excellent and informative video. It certainly explains, in part, the fact that Tesla's are almost common place where I live.

[@bigdarshan]

They are boring as hell though😢

[@neilthomas6750]

​@@bigdarshan Buy one, you'll soon find out how much fun they are to own. We have two, an M3 and an MY. But I can't wait for when the Roadster comes out. Now that is one quick car

[@bavskijt]

​@@bigdarshan I have a Model 3 Performance, 500 hp at the wheels and handles like it's on rails is hardly boring mate. Each to their own!

[@Mr35000000]

I love everything about Tesla, except their looks. Wish they would make them prettier.

[@TheMusicianTom]

This is exactly what I did. Bought a VW ID.3 via my own company.

[@PioneerFoto]

Does this work in the US as well?

[@TheSilentWealth]

Do you foresee changes in the tax deductible schemes? Been trying to do so here, but I realise that it still doesn't change the fact that you still need to spend ~$50k to buy the car doesn't it? It seems like for both scenarios individual and company regardless, the method only benefit someone with a good cashflow i.e. not using loan to buy the car.

[@Dave-bh2zr]

Great clear videos. No waffle or click bait. Very eloquent and it has be said… mesmerising good looks. Wow.

[@helgutsa]

Great video! Can you please create a video about buying a house personally vs buying a house through your company?

[@rohanmahmood5806]

I appreciate the way you explained in a simplified manner with a practical written example, great video Nischa, loving the content!

[@Viktor-gj2ex]

I sold my BMW and bought a Tesla - overall I cut maintenance costs 5x Than I sold my Tesla and bought Fx income instruments - overall I increased the income from Fx (4x earn more than I used to spend on the car) To sum up - sell passive assets and buy income-producing assets

[@DaZill07]

The 1000 supercharge points are a nice touch. :) The best type of advertisement is when it's beneficial to all parties :)

[@hollywoodactress]

Really informative on corporations vs individual. I assume if the company bought the Tesla over 3 years or 4 years , then they would have more income after tax left

[@jamestony775]

I saw the vote on the title of this vid. I chose Tesla. Reason being is that Tesla is a buzzword with a lot of hype around it, especially on social platforms. In my humble opinion it’s a better video title to attract views and trigger the algorithm. Then in your content in the video you could’ve just said this applies to Tesla and all other electric cars 😊

[@davethealarmman]

Having an electric van I get to meet many people at charging stations and there’s one resounding opinion; Unless you pootle about around town, an electric vehicle is completely destructive to your time both at work and life

[@geoff6854]

never use a charging station - charge overnight at home

[@davethealarmman]

@@geoff6854 indeed and that confirms my point exactly. I do around 3-400miles/day so only charging at home Isnt feasible.

[@andrewmaloney9201]

Thank You, Nischa, for sharing this very valuable information which is very useful and helpful to know on considering the tax-saving benefits that will accrue on chosing whether to purchase an electric vehicle over a petrol or deisel engine vehicle for personal or company use!! I totally enjoyed your video presentation. All greatly appreciated!!! 💚💚💚💚💚💚💚💚💚💚

[@gonnahavemesomefun]

I got my EV salary sacrifice which is pretty much what is described here. Gorss=£800pm, then net £500 but I also save by reducing my gross by another £200. Then I save £500 fuel a month where the electricity costs me approx £20 but then factor in my electricity bill had reduced due to the EV tarriff it costs £0 to run. No tax or consumables to buy and a bit of BIK to pay. All toll I am £200 up each month. I also sold our two ICE cars and pocketed £20k! Was a no brainer for me.

[@thewolverine1913]

I drive a Toyota Taris, been told by many in family to 'upgrade' however taking into account the costs involved in running the car and that I also work from home the majority of the time I don't see the need to change. Especially when its been reliable for so long.

[@Anomize23]

Toyota owner here as well. you’re going to pay more not only for the car but EV owners pay more in registration fees so all in all you’re not gonna save all that much anyway. That’s the part that doesn’t get talked about. You get a little EV incentive and then they slap you with the registration fees later making up for it yearly

[@petefraser3013]

My next car is the new Tesla Model 3

[@gnuttz1972]

what i’ve noticed is that electric car schemes through an employer seems like a saving but the costs of the same cars from the leasing company are much higher than on a regular purchase lease scheme which negates the pre tax purchase advantage

[@RanjitKeshwala]

I purchased a New Tesla Model Y 3 months ago. I utilized the EV federal and State credits towards the car ($11k) and I was lucky enough to qualify for the incredible .99% financing rate from Tesla. The one thing I did not do Is buy it under my company.

[@AR-fy2qo]

She has nailed the sponsorship. Genius.

[@kikidoll7101]

Great advice. I did option #2 organically. So often, people ask how we afford things, and the most likely and prudent answer is to buy smart. I rent my car to offset the cost, and not only do I make a profit, but my car is also paid off. It literally behooves me to have my Tesla and use it as a side hustle.

[@mikesumray8963]

Thank you for this. I have a limited company, but it only profits approx 40k a year. Let’s say I finance the car or take out a business loan, and the payments are £500 a month. Is this £500 fully tax deductible? So say my corps tax is 6k for the year - I won’t get a tax bill? Thanks 😊

[@user-lu3nq3yh2f]

Literally my favourite channel. You absolutely need to start a business mastermind group - paid subscription!

[@Burritosarebetterthantacos]

As a firefighter currently going through a Tesla class, I would encourage anyone with a child Run away from electric. Its been difficult to avoid being burned alive during failure and having a child in a carseat is final destination type stuff. These fires burn hot and fast.

[@IPlayBassEveryday]

Newer battery chemistries do not have thermal runaway. Furthermore, the safety from an impact is far greater in a Tesla than traditional cars. You are referring to only the edge case scenario where there is a fire which is exceedingly rare.

[@juliat50]

🤣 Troll

[@Burritosarebetterthantacos]

@@juliat50 ok.

[@Vmb2000uk]

Hey Nischa, just wanted to say I’ve recently come across your videos and they are incredible!! You explain things really well and make it really easy to understand. Keep up the awesome videos and keep doing what your doing! All the best. Vishal

[@okhan21]

Thank you. What about purchasing used electric cars through the company? I know its not 100% tax deductible but do you think its still worth it vs personal purchase?

[@akhere07]

Did you get answer

[@okhan21]

@@akhere07 Nope

[@akhere07]

@okhan21 which country are you from.. Its upto 61000+tax for electric or phev cars and 36000+tax for gasoline cars in Canada.

[@vijayshah4880]

Thanks Nischa, I will claim on my car now too. Lucky my financial year has not yet ended. Reading the comments has answered lot of my Questions.. Thanks all..

[@kristinestocker]

Just as I opened this video, the morning news began a story about a class action lawsuit against Tesla for privacy concerns.

[@jlrguy2702]

Slightly incorrect, As of 2025 there will be VED of £165 on all EVs with the addition of a Premium tax of £360 for the first 5 years on new vehicles costing more than £40k, so all Teslas.

[@markbain9290]

Hello Nischa, thank you for your video. Trading 212 is registered in Cyprus: does it mean it is not regulated by the FCA? Are customer deposits FSCS protected? Trading 212 does not charge commission so how does it stay in business?

[@oph1066]

cHECK OUT KZbinrs Damien Talks Money - he explains about the UK arm of 212 that is regulated and that is what you will be accessings

[@mba0073]

There is an issue with T212 that’s quite well documented online - Google it. Most of the funds are actually held in Bulgaria so no FSCS protection.

[@markbain9290]

@@ChrisLee-yr7tz Thank you very much for your reply

[@bigboldbicycle]

Yes as Chris mentions, they make money on the spread. For those who doesn't know what that is, it's the price difference between the price they sell to you and buy back from you. Every broker have spreads, but these commission free brokers have wider spreads to cover their costs. That's a bad thing if you make high value trades, as the spread will eat into your profit. It is a good thing if you make lots of small trades, as you save a lot on commissions.

[@tominfoengnet]

I'm not happy with my accountant here in Florida, so I'm moving to where ever you live and hire you as my accountant. I didn't really hear anything you said, but I'm sure it was accurate.

[@dombaker1924]

This is a very clear and informative video and I used this structure to purchase an EV (ID3) through my company. The disgraceful issue in the UK is that a new Long Range model Y costs £53,000 whereas the same car costs just £33,850 in the USA (after the $7,500 federal incentive). So it costs nearly £20,000 more for the same EV in the UK primarily because of markups added by our government. Our government need to remove VAT and import duty from EVs as well as offering additional incentives - few people are going to spend £53K on a model Y when they know that people across the pond are paying less than £34K for the same car!!

[@simplydividends]

This is exactly what I did. And of courne on going cots of the car can then be paid via the company too rather than through personal money. It's such a no brainer and when you run the maths it works out so cheap over 5 years. I sold my audi a5 to do this and now I dont have the ongoing costs associated with my old car.

[@FlowJunkie65]

Excellent information. Thank you for sharing. My daughter is considering an electric car and I'm forwarding your video to her.

[@SoundKing]

I was told that you need to have a business for 2 years before you can qualify, is that true? Is there an amount of time you have to have had a business before you can gain from the benefits mentioned in this video?

[@withlovebyads]

Hi Nischa, Thank you for this video. What if your company is registered etc but new and so you have not yet started generating profit (still using part of your salary to build your business)? Can you still buy an electric car under your business and personally make the monthly payments for it? Also, because it is under the company name am I right to assume that it will not go against me and my credit score as personal debt?

[@chhandab]

One problem with this is will you get a car finance under your company name because there is no income under its name yet?

[@EllenPitts]

Manifesting isn’t about not working. It’s about believing that Gd or the Universe actually wants good things for each of us. It gives us the courage to work hard believing that we can achieve the results. It’s all about mindset but doesn’t mean you expect to sit on your couch eating bon bons and get rewarded for it

[@juiced009]

Nailed it again...Great advice, Thank you🤩

[@DrazOutshineGaming]

It really is a no brainer for anyone with a Ltd company

[@EjBlaze1]

I love what you are talking about. I would love to learn more from you about finances period.

[@amitkakar5827]

Just to be clear the expense you can claim- wouldn’t this be limited to the annual depreciation expense you can claim as the car would need to be capitalized as the perceived tax benefit extends beyond one year and hence you can’t deduct the full $50K in one year

[@lakesnlawns222]

I just paid off my car 🚗 yay - and nope.. not planning to buy any new car, Tesla or otherwise, although I could afford them. My next new car will have to be electric, anyway. Much love 💕 from Canada 🇨🇦

[@akhere07]

Yes you have.. 61000+tax for electric or phev cars and 36000+tax for gasoline cars in Canada.

[@marcuscook37]

Love your content , having lived with a model y for 6 months , I got rid at the first opportunity I'd steer clear . The infrastructure isn't ready In the UK, you get range anxiety, try organising multiple long trips . And how the ipad system is legal beggars belief. They really suck. I'd be lucky to get 260 miles out of mine not the 300+ quoted, oh and charging is getting expensive

[@ruinunes8251]

I assume the range given is not taking into account if you have lights on, AC on etc?

[@petervanderveen2340]

Why don't you try using the vehicle the way it was intended to be used. Short commutes within its range and charge it at home.

[@AA-wf2ck]

Subscribed, liked, and listened Great mindset and overall knowledge! Cheers from Kazakhstan 🇰🇿 🎉❤

[@apilotsperspective]

This is needed in this environment.

[@TomazRak]

no ads, no bs intro, no "hey guys we're back again with anoth...", no filler, no fluff, no promos or shout outs. This channel should be the replacement of Netflix for everyone who wants to attain financial literacy. Best wishes! Onyx Team

[@regwatson2017]

In a couple of years you won't be able to find a charging station without a huge queue if you don't have the ability to charge at home. There are already long queues at charging stations at certain times.

[@ArmageddonIsHere]

Long before that eventuality, all gas stations will have installed chargers, as EVs gain market share. And shortly afterward will come swappable batteries, eliminating the need to plug in to recharge.

[@ruinunes8251]

@@ArmageddonIsHere I want to see you swapping a battery of a Tesla on your own. How much does it weigh? LOL it is not the same as swapping a small 12V battery of an ordinary car.

[@ArmageddonIsHere]

@@ruinunes8251 Nio already does it, in China. Find out how online. Hint: it doesn't involve a human being lifting out and carrying a battery.

[@harrysingh3433]

I like how you use the example , it makes people understand! As a student studying accounting professor should give more examples related like this , when it comes to not paying tax

[@dannievig]

Probably one of the best YT accounts - so informative. Thank you, again

[@AnujJain.YouTube]

Another good explanation from Nischa, keep going.❤

[@nischa]

Thank you

[@alexteape9290]

Buy with a company

[@NRV44]

My head is spinning now. Anyway thanks for advertising Tesla. I appreciate it as a Share Holder.

[@therealisticgooner8267]

Just came across your KZbin channel today and am impressed with the ease at which you explain what many find baffling. I’d hire you tomorrow to do my taxes if I thought you would . Can I ask you a somewhat left field question though and I won’t take any answer as qualified just that of an opinion… So a person works for a company as a taxi driver, driving a company owned Tesla on a PAYE basis. There is no charge for the car and you’re even given an allowance to use personally up to 70 miles from your home address in any single journey. However that said you do as the driver / employee have the responsibility to charge the car ( at home or wherever a charger can be sourced) and the cost of this is the drivers. Now I appreciate the cost is 100% tax deductible but is it legal to ask a company employee to pay a company expense ? Yes a contract would have been signed I’m sure but I still think it’s a tad shady , do you agree ?

[@toneperez7925]

u can do that in the UK but in America its way better to write off the miles year after year after year til you dont have the car no more rather than a one time write off.

[@martingill6996]

Good video, please note you still have to pay the congestion charge as it’s not emissions related but not have to pay the ULEZ in London . Also like you said it does need to be justified so if you already drive a van for work for example then you would find it difficult to justify a car as well.

[@zaynabbaig8147]

You don’t have to pay congestion charge on pure electric cars.

[@martingill6996]

@@zaynabbaig8147 according to the government site you do: Text taken from site when searching pure electric car details: This vehicle meets the ULEZ emissions standards You do not need to pay a daily ULEZ charge to drive in the zone, and are helping to improve air quality across London. However, if you see the Congestion Charge displayed below, you will need to pay that daily charge to drive in central London.

[@ano1004]

Wrong not payable on electric cars

[@martingill6996]

@@ano1004 you could be right but the government site says otherwise when I enter my model 3 registration. “You do not need to pay a daily ULEZ charge to drive in the zone, and are helping to improve air quality across London. However, if you see the Congestion Charge displayed below, you will need to pay that daily charge to drive in central London. Congestion Charge £15.00 to £17.50 a day

[@samuelemilolorun1241]

@@martingill6996 Have you actually had to make payments? Also do you know what cars are exempt from both ulez and congestion charge

[@darrenmooruthv2]

Awesome, this is what I'll be doing for my next car. Unfortunately, I did it the wrong way, a large deposit to reduce the monthly payments on a PCP after COVID. Having owned cars fully previously and sold mine, I figured that we wouldn't be driving at all or much during COVID. So I sorned off the previous car and had it sat on the driveway, full tank of fuel. Sold it a year after. Once out of COVID and things looked promising with movement, I decided to purchase my first EV car. It was more of an impulse buy. I wonder if there's a way to set up a company and shift the finance from personal to benefit through the company instead or does this have to be done at the time of purchase? 🤔Thanks again for being clear and concise Nischa. Looking forward to going through your finance tracker and mini course.

[@matthesagregg5679]

hey hey! wow you took the video title preference from your audience! nice!

[@nischa]

Heyy! Always :) thank you for helping!

[@VH-eq2ci]

EVs depreciation is just insane. For 2 years in the market, Shitsla get nearly 20k from its price.

[@PubgPeaks]

You bears a striking resemblance to Bollywood actress Kriti Sanon! I shocked at first, how an actress transitioned from acting to becoming a KZbinr.😂

[@BornRiders]

I admire your video about how to buy a tesla under a company, but one thought is to discuss that same concept with us in the U.S.

[@89vuqar]

Good to know UK laws. It could be nice if you mention at the beggining this is for UK, not US or other countries have the se rules. For example US requires fringe benefit to be reported as w2 income witch is quite high. There is no exception for EVs in the US

[@tokentoker2392]

Did the Pounds instead of dollars not give it away?

[@LMcBee]

Why? The world does not revolve around the US. You are free to scurry over to the plethora of American vloggers…

[@Zkilll]

How would you model this under a lease contract (can do different options) the key is how would the company be treating the cost of the monthly cost?

[@therelovedproject]

Where do you go for a hair cut? Who is your hair stylist?? your hair is amazing

[@fgj4990]

Thanks for great information. One question I have relates to selling an electric vehicle bought outright through a Ltd company. I understand that the car is taxed on the price of any future sale, but what if the car was part exchanged in the future - is the tax liability based on the sale value of the car at that time or the difference / profit made by the company from the part exchange?

[@jlrguy2702]

On your balance sheet, you would write the PX price of the old car and separately the purchase price of the new car. So that it aligns with the assets held by the company.

[@adelesonora9681]

Love your videos nischa!

[@edmundworrell1864]

Fantastic advice as usual

[@johnmate4260]

Hi Nischa, does this apply if you buy the car on finance through the company and not outright? Thank you for this valuable information.

[@kirstybonner4286]

Does in Australia through a novated lease.

[@rondolbalfour1856]

Always looking forward to Your video all the way from New York ❤

[@nischa]

Thank you. Sending love to NY!

[@The_Finance_Guy]

Awesome video keep the great work up 😃👍

[@jonnynoakes9070]

What are your thoughts on renting a Tesla on a business lease rather than purchasing for cash Nischa? 🙏🏻🙏🏻

[@J1mbo197]

Really helpful video , thank you. Q - Does this only work with buying a new car through the company or can a second hand electric car also work this way?

[@TheCodeConnoisseur]

Whats considered a new Electric Car? Can it be a second hand model from last year and bought through a company? Or does it need to be from a dealership/factory?

[@natakijean-baptiste1746]

Dealership

[@ali5t4ir]

Thank you for yet another great content, I'm wondering if this applies to any Fully Elec cars or just Tesla?

[@cosmodoc]

any!!

[@user-wt6zf4ek9k]

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $243K for sometime now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions

[@cadmuscassey]

I agree with the second tips because I do most of my travelling content creating as an expenses. This gives me more opportunities to create content and save money. Thanks Nischa

[@imrannazir6931]

Could you please cover ethical ways of investing?

[@THATGUYTALKSMOVIES]

Very much love your channel and videos. Presentation, content and all is flawless! Grateful to have discovered you on KZbin. I just purchased a new Tesla, picked it up last week. I'm across the pond from you in the States. Months back, when I was preparing to order, I inquired with my accountant about whether there were advantages to possibly purchasing via my LLC. He explained that it wasn't a good option or...not as easy and advantageous as it may seem to be. Not sure why. lol. Anyway, I've subscribed to your channel. Looking forward to your content.

[@MercuryH]

As always, very valuable ideas and information that touched our lives Thank you

[@96Views]

What if you haven’t made any money from your business or as a sole trader yet but you have registered a limited company can you still do tax write off with your .75000£ salary as an employee from your 9-5?

[@taefravis]

I am not sure, if it still exists but that was a loophole that many BBC staff were forced to use by the BBC whereas(I can not remember the name of the scheme) you set up your own company and then instead of you working for your boss your company is hired and then your company hires you to do the job. That way officially it is your company that works for your boss doing the same job you normally do for the same money. The difference being that you would then get to take a certain amount of money before getting taxed and then would the pay corporation tax and that rate would be less than the rate you would normally have to pay. I can not remember all the details but I am sure Nischa could inform you. I think that something tells me that route was closed down because I think Gary Lineker got caught up in that a year or so ago and that is what alerted me to what scheme was etc.

[@natakijean-baptiste1746]

No Unless your self-employed / company

[@onthedoorstepnortheast4042]

This is exactly where it falls down. If I was making my 75k at work and then making 75 on a side hustle then yeah it would already be obvious to me to buy my car through my business.

[@AdelitaWilliam-dl7ci]

Thank you for the video!!! We learn a lot with you! Thank you!

[@BarryMakariou]

Someone who actually talks sense

[@oliverdunford3743]

Keep up the good work, this was very helpful as I am just about to buy a Tesla :-)

[@loripage5477]

This is really interesting. Thank you. May I ask please, the benefit in kind hit, is that payable per year or just in the year that the car is bought? Many thanks.

[@nischa]

It’s every year :)

[@shahraxit]

​@@nischa Can the car be written off after a year?

[@meady200]

Does the car *have* to be only used for company business though? What if its also in use for social, domestic and pleasure at some points?

[@mattcarter-bennett]

Thank you for this video - lots of useful info within. Does the tax break apply to sole traders too or just to limited companies?

[@nischa]

ltd companies

[@emmanuelogbe4038]

Many thanks Nischa for another great presentation. Please did you register your company as sole trader or private Ltd company?

[@LondonFadzai]

This series is epic