It's the old £1000 question again

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SecretSam
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It's the old £1000 question again

Postby SecretSam » Fri Nov 16, 2012 17:41 pm

C2W, £1k, road bike for fat bloke runs own business as sole employee and director, fancies new wheels to replace oversize C'dale CAAD8, tho' can't ride at mo' due to location

So?
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Gizmodo
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Re: It's the old £1000 question again

Postby Gizmodo » Fri Nov 16, 2012 20:16 pm

SecretSam wrote:C2W, £1k, road bike for fat bloke runs own business as sole employee and director, fancies new wheels to replace oversize C'dale CAAD8, tho' can't ride at mo' due to location

Check out the Cycling+ article Best Road Bikes Under £1,000

robklancs
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Joined: Thu Aug 23, 2007 15:05 pm

Re: It's the old £1000 question again

Postby robklancs » Fri Nov 16, 2012 22:12 pm

Planet X pro carbon,

Why do these tests never consider Planet X? They always get ignored but I can't see a better specked bike for under a grand

duckson
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Re: It's the old £1000 question again

Postby duckson » Sat Nov 17, 2012 09:54 am

Cheers, Stu

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Grill
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Re: It's the old £1000 question again

Postby Grill » Sat Nov 17, 2012 10:08 am

SecretSam wrote:C2W, £1k, road bike for fat bloke runs own business as sole employee and director, fancies new wheels to replace oversize C'dale CAAD8, tho' can't ride at mo' due to location

So?


If you are the only director then C2W is irrelevant. It was only created so employees could get bikes from their employers at no cost to the employer, and the employee get the benefit of no VAT and also paying for it from their gross income not money they have paid tax on.
But if you own the company there is no point in setting up any kind of employee payback scheme, it's your company after all, so all you need to do is buy the bike as an asset of the company and then let yourself use it (as well as anyone else in the company which is a moot point). Also, the £1000 limit doesn't apply as that is only due to the employer 'leasing' the bike to the employee which requires a credit license.
English Cycles V3 | Scott Plasma 3 TT | BMC TrackMachine TM01 | Ritchey Road Logic | Scott CX Team

Wobblehead
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Re: It's the old £1000 question again

Postby Wobblehead » Sat Nov 17, 2012 11:56 am

Ridley Orion from wiggle, belting deal on a good bike.

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SecretSam
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Re: It's the old £1000 question again

Postby SecretSam » Sun Nov 18, 2012 10:24 am

Grill wrote:
SecretSam wrote:C2W, £1k, road bike for fat bloke runs own business as sole employee and director, fancies new wheels to replace oversize C'dale CAAD8, tho' can't ride at mo' due to location

So?


If you are the only director then C2W is irrelevant. It was only created so employees could get bikes from their employers at no cost to the employer, and the employee get the benefit of no VAT and also paying for it from their gross income not money they have paid tax on.
But if you own the company there is no point in setting up any kind of employee payback scheme, it's your company after all, so all you need to do is buy the bike as an asset of the company and then let yourself use it (as well as anyone else in the company which is a moot point). Also, the £1000 limit doesn't apply as that is only due to the employer 'leasing' the bike to the employee which requires a credit license.


Ah, well that's made things less clear, hmmm time to talk to the magic accountant... :D
--------------------
It's just a hill. Get over it.

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ALIHISGREAT
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Re: It's the old £1000 question again

Postby ALIHISGREAT » Sun Nov 18, 2012 12:11 pm

robklancs wrote:Planet X pro carbon,

Why do these tests never consider Planet X? They always get ignored but I can't see a better specked bike for under a grand



because its old.. and specification isn't 100% of the story.



I picked the 2012 Giant Defy 1 last January and its been faultless all year the Bikeradar/Cycling+ review hits the nail on the head.


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