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Nick Roberts
The tax benefits of "9 to 5" or "flip" leases were phased out by the IRD nearly two years ago but avoiding FBT on motor vehicles is still a very popular question.
The main alternatives for shareholder-employees are:
As always, tax is complicated and there is no substitute for individual what-if calculations.
If you have any tax or business queries of any kind telephone 0800 ASK NICK, e-mail nick@abac.co.nz or use "Contact Us" on www.abac.co.nz. The information in this article is of a general nature and should not be relied upon as a substitute for specific advice.
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