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Want to buy company car of my company

leon76 · 2010-11-23 21:13:38

Hi, I'm a director of a company and I wish to transfer ownership of the company car to my own name. The company paid €14,500 for it in 2006. On carzone the car is probably worth €6,000. If I pay a personal cheque to the company for the invoice amount and sign a change of ownership form will that be the correct procedure.…

23-11-2010 09:13PM

#1

leon76

Registered Users, Registered Users 2 Posts: 143 ✭✭

Join Date: September 2008

Posts: 81

Hi,

I'm a director of a company and I wish to transfer ownership of the company car to my own name. The company paid €14,500 for it in 2006. On carzone the car is probably worth €6,000. If I pay a personal cheque to the company for the invoice amount and sign a change of ownership form will that be the correct procedure. Also what rate of vat must be on the company invoice for the car? Much appreciate some information. regards Leon.

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