News Hong Kong Property & Finance

Buying car using business - good idea?

ORIGINAL POST
Posted by Mog77 13 yrs ago
Wanting to buy a car and thought it would be a good idea to buy it using my business which is a limited company. Given that running costs can help offset some tax. Is this a good idea? What issues are there if I do this? What if I need to sell the car?

I guess I just want to make sure that there is not a huge issue in Hong Kong if I do this. I have had a search on government sites but have come across no info.

Any answers or advise would be appreciated.

Thnx

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COMMENTS
evildeeds 13 yrs ago
This is quite a regular occurrence in HK and as for registration or sales no different to a private buy/sell apart from using company stamps and showing Certificate of Incorporation and business registration at the time.

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