Hi, I am purchasing a vehicle and wanted to know if I can register the vehicle under my personal name as the Director but finance the car partially through my company. I will be putting down a deposit of 60% of my own personal funds and the company is obtaining finance of the balance. Is it an issue if the vehicle is registered under my name
Hey there @JM99,
I guess that would depend. Are you wanting to claim part of the motor vehicle expenses? You can claim a tax deduction even if the car is registered in your own personal name.
You'd just need to separate private from business and ensure you keep documentation, like a log book and diary entry.
Hey there @JM99,
I guess that would depend. Are you wanting to claim part of the motor vehicle expenses? You can claim a tax deduction even if the car is registered in your own personal name.
You'd just need to separate private from business and ensure you keep documentation, like a log book and diary entry.
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