A UK tax strategy: buy a £320,000 Lamborghini through an LLC instead of as a company car. You avoid benefit-in-kind tax, treat it as a personal asset, and write off depreciation against your business income to cut your tax bill.
If you buy the right car, it's a massive investment even if it goes down. Because if you buy a car in an LLP, there's no company car tax, there's no benefit-in-kind tax because it's a different kind of structure. Basically, you can have home office and a car and you can run them through as if they're personal. With my Lamborghini Aventador, which was the first car I bought in the LLP, purchase price £320,000 new because I've paid for it before tax, not after tax, but that depreciation has been written off against my tax, so it's actually a lot less depreciation.
