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I wonder if anyone can advise me - I have purchased a motorcycle which will be predominantly used in my business as my motor vehicle. I am a fairly new (non- VAT registered) limited company - should the company buy the motorcycle on which I will incur a taxable benefit charge, but on which the company will benefit from depreciation (or is it capital allowances?), or should I buy it privately and charge the company the business mileage? I need someone to explain the ins and outs of the tax implications!
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