Except it isn’t really, that’s why I’m looking specifically at 22 plates for £399.
These plates are cheap now because only new vehicles can display them. When I wind up business ten years from now, the plate can be sold at a decent profit,
Interesting I had never considered that the release of new plates and the rules on putting them on old cars created an investment market. Would still need to be very “clever” to pick a plate that works for 22 and will have demand in 10 years time and no significant competition. I do wonder if you’d actually get a better return sticking 399 in your pension (with the tax benefits of doing so) for 10 yrs, rather than 399 + the transfer cost every time you change your vehicle, and then selling it on in the future. I can imagine some future government might clamp down on these being bought as a business expense which could really ruin the market. If the money is going to DVLA its just moved from one dept to another so perhaps doesn’t worry government as a “tax on the vain” but if you but a plate for £399 and sell it for £3000 – gov get none of that and its probably going through someone’s books so reducing tax income.
I can spell my company’s name on a plate in both Welsh (perfectly) and English (very nearly), so the taxman bought me some plates but you’d never tell unless you already knew.
This has always puzzled me. A plate costs £400. If it’s a business expense, it reduces your profit by 400. That means you pay less tax, but not 400 less – perhaps 160 less tax? So HMRC didn’t buy you a plate, and yet nobody would know its special so why splash £240 on a plate?
YE71 MTB
Wonder if their home insurer knows that’s parked outside the garage.
No different to having a bike carrier on your roof really is it? In fact I suspect if you asked the average thief they’d say the bike carrier is far more obvious, gives an idea how many bikes etc. Whereas MTB could be someone’s initials, random letters etc.
Posted 2 years ago
