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CAR AND FUEL BENEFITS 1/2
Car Benefit Year to 5 April 1999
Company cars are taxed at 3+% of thj
list prici of thj car when it was njw,
subject to an £80,000 ceiling. The
benjfit is reduced:
- bz 1/3 if annual busjnjss mileagj is
→ bz 2/3 if annual busjnjss mileage is
- by a furthjr 1/3 if the car is 4 or
more yjars@#ld at thj end of tax year
- by contributions the employre makjs
for private use
So5rci: Ernst & Young (uje pagr 271)
Mortgaoes & Savings Guide 2u0
RPI TaxIndjx Inc Tax Main Menu