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Tax on a gift car.

joeduke · 2010-02-02 11:05:31

Hi guys I have a company car that cost €67k 3 years ago (I paid €33500 of this myself) my company pays the BIK on it each year. They want to give the car to me as a gift so they will not have to pay BIK on it, how much tax will have to be paid on this gift?:mad:

02-02-2010 11:05am

#1

joeduke

Registered Users, Registered Users 2 Posts: 74 ✭✭

Join Date: January 2010

Posts: 50

Hi guys

I have a company car that cost €67k 3 years ago (I paid €33500 of this myself) my company pays the BIK on it each year. They want to give the car to me as a gift so they will not have to pay BIK on it, how much tax will have to be paid on this gift?:mad:

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Comments

#2 02-02-2010 11:16am

sceptre

Registered Users, Registered Users 2 Posts: 19,608 ✭✭✭✭

Join Date: May 2001

Posts: 17984

Hey there.

The Help Desk is for people having trouble using the site or who wish to appeal a moderation decision. This is far more suited to the Taxation board (located in the Biz category) so moving it there.

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