Company cars for the family?

A second company car for a spouse or child can work out to be cheaper than taking the cash out of the business to pay for the car personally.

If the family member doesn’t work for the business you will have to pay the company car tax yourself but if the CO2 emissions are low the tax cost could be substantially less than the tax cost of taking cash out of the company via dividends or salary.

Ask your accountant to crunch the numbers for your circumstances and you might be surprised at the results.