Company Cars

Company Cars in “car-pools”

There is an exemption from BIK  in respect of a company car which is in a “car-pool”.

A car can be treated as being in a car-pool if:

• the car is made available to, and is actually used by, more than one employee and is not ordinarily used by one employee to the exclusion of the others, and
• any private use of the car by the employees is merely incidental to business use, and
• the car is not normally kept overnight at or in the vicinity of the home of any of the employees

Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie