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Things get a little more interesting if your company, not you, either owns or leases the vehicle.
by kijin 8y ago
Things get a little more interesting if your company, not you, either owns or leases the vehicle.
- maratd 8y agoThings will get even more interesting during an audit if you use that company owned car for personal use. Especially if you only own one car.
- jjeaff 8y agoAnd especially, if you own the company that owns the car.
- jjeaff 8y agoThe same criteria will apply. Except in the case of your company owning the car, they will need to show the non-allowed usage as income to you, so that you can pay tax on it.