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   Automotive Loans and Financing
     Personal or company registration?
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timlow
Posted on: 2011/4/8 9:22
Home away from home
Joined: 2010/1/29
From: Kedah
Posts: 161
Benz Model: W211 E270CDI
Message:
Personal or company registration?
Hi, considering to change my w211 e270cdi to w204 c200k, for tax advantage, register under company or personal ?


Test drove w204 c200k but still my w211 more comfy. But want something more sporty feeling so thinking of w204, 325i, or passat cc.tough.
19owner
Posted on: 2011/4/8 9:53
Certified Benzitos
Joined: 2008/5/16
From: Kuala Lumpur
Posts: 4848
Benz Model: W201 and Others
Message:
Re: Personal or company registration?
Quote:

timlow wrote:
Hi, considering to change my w211 e270cdi to w204 c200k, for tax advantage, register under company or personal ?


Test drove w204 c200k but still my w211 more comfy. But want something more sporty feeling so thinking of w204, 325i, or passat cc.tough.


register under company is more advantageous...
yapso
Posted on: 2011/4/8 14:06
Certified Benzitos
Joined: 2006/12/26
From: Bandar Utama
Posts: 1552
Benz Model: W124
Message:
Re: Personal or company registration?
I am looking on the cost saving point of view. If you are one of the director of the company then it should have more advantages register personal. You can save the road tax but not sure whether you can save some for insurance. You can assign the car to the company and enjoy the same benefit as you register through company.

Yap
timlow
Posted on: 2011/4/8 18:41
Home away from home
Joined: 2010/1/29
From: Kedah
Posts: 161
Benz Model: W211 E270CDI
Message:
Re: Personal or company registration?
Thank for all the reply. If register under company depreciation can be deducted and all the repair and petro can deduct too. Under personal and assigned to company it will be benefit in kind and it is taxable. Right ?
Mabel
Posted on: 2011/4/8 21:07
Certified Benzitos
Joined: 2007/8/7
From: Shah Alam, Cyber Jaya
Posts: 18989
Benz Model: W201, W124, W140
Message:
Re: Personal or company registration?
Quote:

timlow wrote:
Thank for all the reply. If register under company depreciation can be deducted and all the repair and petro can deduct too. Under personal and assigned to company it will be benefit in kind and it is taxable. Right ?


Right...



----------------
Cheers/Mabel

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Take time to read. It is the fountain of wisdom
Membership Number: One Nine Seven Seven

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