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Category: Tax
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We are selling our business. We would like to buy a car

Resolved Question:

Hi, We are selling our business.
We would like to buy a car which the company purchased on leasing 2 years ago.
The last payment is going to be paid next month and then remaining amount of £15000 needs to be paid off. What would be the best way to purchase the car out of the company? and how much we can buy it for?
Submitted: 1 year ago.
Category: Tax
Expert:  bigduckontax replied 1 year ago.
Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question. The position is essentially simple. You can buy the car out of the company for whatever price the directors deem appropriate. I suggest that the price should leave company not out of pocket on the transaction to protect the interests of shareholders. I do hope that you have found my reply of assistance.
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Expert:  bigduckontax replied 1 year ago.
Thank you for your support.

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