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Financing a purchase abroad and tax breaks?

[Deleted User] · 2006-05-02 16:55:06

...was thinking of changing the car and found a lovely 05 Honda Accord in England. The only thing is that apparently a car bought through work can be used for tax break purposes. I am told that the depreciation on the vehicle of 12.5% can be written off each year. Does this still hold true when the vehicle is bought…

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02-05-2006 5:55pm

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[Deleted User]
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...was thinking of changing the car and found a lovely 05 Honda Accord in England.

The only thing is that apparently a car bought through work can be used for tax break purposes. I am told that the depreciation on the vehicle of 12.5% can be written off each year. Does this still hold true when the vehicle is bought abroad? Are lease companies fine about buying the vehicle abroad and is leasing available?

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