End of the Line for Luxury

The JournalMarch 12, 2011

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Summary


THE end of the road could be in sight for company cars at the very top end of the luxury scale as the Government prepares to introduce draconian tax measures that will hit the country's highest earners.

Senior executives who benefit from current company car schemes and owner-directors who run their luxury cars through the company are the targets of the new income tax charge from April.

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Extract


End of the Line for Luxury

Under new rules, the tax paid on company cars, such as Ferraris, Lamborghinis, Audis, Maybachs, Bentleys and top-end Merced...

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