Finance commercial vehicle in someone else's name

What's the play here , the bro can't raise the finance but needs a 4 by 4?

Could he not be a named driver?

I would imagine that the intention is to write it down as a business expense for tax reasons. Which would be fraudulent

That wouldn't be possible unless the person claiming is actually making the payments. By your reasoning, anyone could claim an expense without actually incurring it.

If the vehicles on finance it has to be registered to that person and you csbt claim vat on something you don't legally own

As I said, you could do this with anything. There's no suggestion the OP has any such stupid idea in mind. It's not even slightly subtle. Just making up expenses out of thin air.

But it doesn't need an audit to discover. Putting through large payments not being reflected in your bank account would show up in the tax return.

Not much of a tax fraud otherwise. You might as well make the car payments yourself.

Do I really need to spell out explicit examples?

You are a PAYE taxpayer. Receipts are irrelevant to you. I'm your best buddy with a part-time sole trader enterprise on the side on top of my own top-rate-tax PAYE employment. You want to buy a new 4X4 with repayments of 10k a year over 6 years. I buy it in my name and register it etc. Maybe claim back VAT if I am registered. I repay the 10k loan from my business account. You give me 8k cash which I spend on coke and hookers. You have the use of the vehicle and can save up diesel receipts for me too. You can similarly reimburse me in cash for tax and insurance every year.

How would that not be fraudulent in your considered opinion? Will you get away with it? Maybe, maybe not. You'll have some sort of paper trail though

Read it again.

If its new vehicle you usually need to send a copy of the VRT cert to the finance company to show whose name it was registered in.

If used it would be a matter of the garage agreeing to do the transfer of ownership into the brothers name.

However, I'm pretty sure there would be some terms and conditions in the finance agreement that the owner is the person taking out the finance agreement.

Having said that I just realised my wife's car is in her name and the loan is in mine. 😁

Have another go.

I'll help you. The OP (Mr. Employed Privately) wants to buy it for himself but have it on paper as being owned by Mr. Farmer/Tradie brother even though the OP will be the actual beneficiary and user of the vehicle.

You can read between the lines for after that

I think the op said the opposite. That it was to be used on the farm by the brother.

"Can I purchase a commercial 4x4 on finance from a garage and register it in my brother's name for example? So he can register and tax and insure it for use on farm? But I want to make the payments on it myself"

Insurance will definitely be a problem

You thought he was buying it so that he could defraud the taxman.

I would imagine that the intention is to write it down as a business expense for tax reasons. Which would be fraudulent

I think it's either A or B. But the discussion started because you had a completely different idea because you hadn't read the OP correctly.

What's your point? It's one or the other. You've admitted as much yourself.

And it's completely irrelevant to the multiple posts we've been through to eventually get to the point where we could actually discuss what the OP wrote and not what you thought they'd written.

I'm tired of this pointless nonsense. I'm sure everyone else is too. Bye.