Leasing a company car to yourself

[johnkerr]

Hi guys,

First time poster here, the forums seem like a really good little community. I have a kind of weird question, I've been looking into this particular novated lease which as you probably know is salary packaged by your employer typically. However I run a small business which at the moment consists of only myself, is it possible to lease this car to myself to reduce my income before tax?

I know it's an odd tactic to ask about but any advice would really be awesome.

Cheers,
John

[JakeThomas]

Hi John,

Not really my area of expertise so don't believe I would be able to help you - I'm sure an accountant will chime in soon enough.

In the meantime though, might be beneficial if you let us know what business structure you are in?

[v2Media]

I recently went through the same decision john. Check out this thread for the responses.