Quote:
Originally Posted by mARC
2) Correct 'should more accurately state give rise to an FBT event, not pay FBT'; and
3) I have never seen an employee contribution factored into an agreement with an employee that wasn't either a director/immediate family member.
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2 - Meh, 'rise to a FBT event = paying money somewhere.
3 - Most of the online companies I have seen use a contribution method as one of the examples on how to best maximise the lease.
I have never had a lease, so I'm interested to see how they work. Every time I have investigated, they cost a lot more than buying with personal cash or having the business buy them. If as the OP has stated, this works out to be 'interest free' I would be very suprised.
Would be good to revisit this in a year and see what the actual costs have ended up being for future reference...