Re: Company car and taxes - Saab NG900 & OG9-3 Bulletin Board - Saabnet.com
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Re: Company car and taxes
Posted by DJS [Email] (more from DJS) on Fri, 21 Dec 2001 08:03:05
In Reply to: Company car and taxes, Wayne Dowers, Fri, 21 Dec 2001 00:00:06
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I haven't had a company sled (if I had had a Saab, I would not have called it a sled, Taurus) for a few years but I had to pay taxes on the imputed income calculated on the personal use of the vehicle.
As I recall, the imputed income was based on a per mile charge and taxes were paid on that amount. For me it was almost nothing due to over 90% of my driving being business related.
Initially I was not all that over joyed with getting a company car becuse I had to sell my 900T.
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