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Chat company car <rm150k, after sst discount

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archonixm
post Aug 12 2020, 11:32 PM

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RM300k is a good range..150k..

Ambil je lah myvi..coz from 50k-150k price range is all a commoner car

from myvi to vios to mazda3 to civic..

every tom, dick and harry can buy it


pisces88
post Aug 12 2020, 11:33 PM

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QUOTE(XXXOOOXXXOOO @ Aug 12 2020, 11:25 PM)
average 30% depreciation per-year and u can buy back.
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Buy back price can put anything? So use personal name buy rm1 also ok?
SUSXXXOOOXXXOOO
post Aug 12 2020, 11:36 PM

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QUOTE(pisces88 @ Aug 12 2020, 11:33 PM)
Buy back price can put anything? So use personal name buy rm1 also ok?
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already told you, around 30% depreciation per year.
SUStikaram
post Aug 12 2020, 11:37 PM

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Buy more than 150k also can. As long as pun company logo.

But but but. Director malu drive company car ada logo.

No need thanks me.
pisces88
post Aug 12 2020, 11:40 PM

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QUOTE(XXXOOOXXXOOO @ Aug 12 2020, 11:36 PM)
already told you, around 30% depreciation per year.
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Actually first year is 40% then 20 20 20 right.

My question is after finish depreciation, i can use personal name buy the car for rm1?
pisces88
post Aug 12 2020, 11:41 PM

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QUOTE(tikaram @ Aug 12 2020, 11:37 PM)
Buy  more than 150k also can. As long as pun company logo.

But but but. Director malu drive company car ada logo.

No need thanks me.
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Helo boss. I heard of this company logo before, and i mentioned in forum somewhere, but i kena whack cos ppl say i blow water

U done it before?
TSwhitesmith
post Aug 12 2020, 11:42 PM

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QUOTE(Incarnation @ Aug 12 2020, 11:29 PM)
Iinm you buy 150k but capital allowance you only can claim 100k, the best is you buy 100k and you claim 100k
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100k only x70 , single man like me buy for what XD
pisces88
post Aug 12 2020, 11:42 PM

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By the way, u dont want buy conti or used conti car meh? Although CA 50k, but only 50k difference la hahah
bonnycy
post Aug 12 2020, 11:50 PM

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QUOTE(pisces88 @ Aug 12 2020, 11:40 PM)
Actually first year is 40% then 20 20 20 right.

My question is after finish depreciation, i can use personal name buy the car for rm1?
*
Interesting. Update your findings here please. Buy you a mug of beer 🍻
BronzePlate
post Aug 12 2020, 11:55 PM

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At that price there's no proper car. All CVT or torsion beam crap.

If it's me I'd check if honda has stock for previous Accord or I'd take the stupid perdana.







yhtan
post Aug 13 2020, 12:01 AM

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Civic tebu
SUSXXXOOOXXXOOO
post Aug 13 2020, 12:03 AM

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QUOTE(pisces88 @ Aug 12 2020, 11:40 PM)
Actually first year is 40% then 20 20 20 right.

My question is after finish depreciation, i can use personal name buy the car for rm1?
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u dunno math ?
fireballs
post Aug 13 2020, 12:04 AM

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Better do it leased. Can count as expenses I heard
But not as asset
malibuchong
post Aug 13 2020, 12:17 AM

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axia E
mr_geforce
post Aug 13 2020, 12:18 AM

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QUOTE(pisces88 @ Aug 12 2020, 10:34 PM)
U familiar with the process? For example 5years after finish depreciate  , have to write off?
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haha.. no wonder my boss change car quite frequently..
rtk74
post Aug 13 2020, 12:30 AM

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QUOTE(BronzePlate @ Aug 12 2020, 11:55 PM)
At that price there's no proper car. All CVT or torsion beam crap.

If it's me I'd check if honda has stock for previous Accord or I'd take the stupid perdana.
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2018 mazda3 still inde rear suspension..... now... haihh
SUSAsquith
post Aug 13 2020, 12:31 AM

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QUOTE(pisces88 @ Aug 12 2020, 11:33 PM)
Buy back price can put anything? So use personal name buy rm1 also ok?
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Plenty of lawyers do just that but if you are unlucky the tax office may audit you and your company as it is considered a less than 1 arms length transaction. If they do then the depreciation the SDN BHD claimed for the previous 5 years can be added to your personal income tax and taxed as a benefit in kind either as a one off or as an under declaration for the last 5 years.

QUOTE(tikaram @ Aug 12 2020, 11:37 PM)
Buy  more than 150k also can. As long as pun company logo.

But but but. Director malu drive company car ada logo.

No need thanks me.
*
If I am not mistaken if the car cost more than RM150k then all that happens is you do not get to claim the excess of that RM150k as part of the car price for depreciation purposes.
pisces88
post Aug 13 2020, 12:51 AM

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QUOTE(Asquith @ Aug 13 2020, 12:31 AM)
Plenty of lawyers do just that but if you are unlucky the tax office may audit you and your company as it is considered a less than 1 arms length transaction. If they do then the depreciation the SDN BHD claimed for the previous 5 years can be added to your personal income tax and taxed as a benefit in kind either as a one off or as an under declaration for the last 5 years.
If I am not mistaken if the car cost more than RM150k then all that happens is you do not get to claim the excess of that RM150k as part of the car price for depreciation purposes.
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means its actually illegal for Director to buy the car at a lower than market value?
pisces88
post Aug 13 2020, 12:52 AM

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QUOTE(mr_geforce @ Aug 13 2020, 12:18 AM)
haha.. no wonder my boss change car quite frequently..
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depends what kind of cars..

if ur boss change merce, bmw, audi cars, then actually he enjoy 50K tax advantage for his company only blush.gif there's a reason some cars priced just below 150k, so companies can enjoy max benefit.(100k capital allowance)
pisces88
post Aug 13 2020, 12:56 AM

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QUOTE(bonnycy @ Aug 12 2020, 11:50 PM)
Interesting. Update your findings here please. Buy you a mug of beer 🍻
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actually besides the Capital allowance , still need to consider Benefit in Kind. Because u using company car, by right you have to put in Benefit in Kind in ur personal tax. so ur company pay less tax, but personally u pay few thousand more



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