amf
New member
Having a small but growing company, and a small and not growing boat, I was wondering who on here puts their boat through the business?
If so, I assume you can claim VAT back but you are hit with the whole amount as a taxable benefit? Any (ahem) efficient ways of doing this?
I have heard of people using an offshore company for making the purchase but assume this is only worthwhile for more expensive boats.
If so, I assume you can claim VAT back but you are hit with the whole amount as a taxable benefit? Any (ahem) efficient ways of doing this?
I have heard of people using an offshore company for making the purchase but assume this is only worthwhile for more expensive boats.