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Lots of people drive company owned vehicles, myself included (not my Corvette).The cost of the vehicle, gas, insurance, maintenance, etc. is all 'picked up' (and expensed) by the company.While the individual is assumed to be differentiating personal use (a taxable benefit) from the company use, few do, or at best minimize it.Good luck convincing your accountant that a Corvette ZR1 is 'essential' for work.
Lots of people drive company owned vehicles, myself included (not my Corvette).
The cost of the vehicle, gas, insurance, maintenance, etc. is all 'picked up' (and expensed) by the company.
While the individual is assumed to be differentiating personal use (a taxable benefit) from the company use, few do, or at best minimize it.
Good luck convincing your accountant that a Corvette ZR1 is 'essential' for work.
