Our household currently looks like a car dealer with a van (wife's business) a 2001 BMW 525i touring (wifes car) a 2 year old Zafira SRI (my company car) and our old and trusty Hymer B544 parked round the back.
Currenty I run a business based in London and commute every couple of weeks from North Yorks for a stint in the big smoke. I usually take the Zafira and stay in a hotel but lately I've had some weekends where I've stayed on for personal stuff and taken the 'van. A concept I'm used to as I used to do that with my caravan. I much prefer the motorhome to a hotel and it also saves money for my company.
My plan is to sell the Zafira, share the BMW as a private car with my wife, then update the MH to something in the region of 20K for a mid to late nineties Hymer through the company and run that as a compay car. (I fully understand the pros and cons of commuting in a motorhome but for the sake of staying on topic without huge explanation, for me it works well so let's not discuss that bit).
The problem is I can't fathom out how much tax I'd pay on it. It's tricky enough on a car and there are tax calculators which help but as you'd expect motorhomes aren't listed. Likewise, I know the tax is caculated on a sliding scale based on the purchase price, the Co2 and so on. Because the original price of the motorhome was pretty huge will I be paying stupid amounts of tax?
I understand I could finance the 'van myself then charge mileage but this is what I used to do and it cost the company a fortune with the mileage which is why we bought the Zafira. (bear in mind because I own the company its that juggle between robbing yourself via personal tax or robbing your own firm!).
Is there anyone on MHF who is in a similar situation and can give me an indication of what tax they pay or how they juggle it?
Currenty I run a business based in London and commute every couple of weeks from North Yorks for a stint in the big smoke. I usually take the Zafira and stay in a hotel but lately I've had some weekends where I've stayed on for personal stuff and taken the 'van. A concept I'm used to as I used to do that with my caravan. I much prefer the motorhome to a hotel and it also saves money for my company.
My plan is to sell the Zafira, share the BMW as a private car with my wife, then update the MH to something in the region of 20K for a mid to late nineties Hymer through the company and run that as a compay car. (I fully understand the pros and cons of commuting in a motorhome but for the sake of staying on topic without huge explanation, for me it works well so let's not discuss that bit).
The problem is I can't fathom out how much tax I'd pay on it. It's tricky enough on a car and there are tax calculators which help but as you'd expect motorhomes aren't listed. Likewise, I know the tax is caculated on a sliding scale based on the purchase price, the Co2 and so on. Because the original price of the motorhome was pretty huge will I be paying stupid amounts of tax?
I understand I could finance the 'van myself then charge mileage but this is what I used to do and it cost the company a fortune with the mileage which is why we bought the Zafira. (bear in mind because I own the company its that juggle between robbing yourself via personal tax or robbing your own firm!).
Is there anyone on MHF who is in a similar situation and can give me an indication of what tax they pay or how they juggle it?
