Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Pool or company car?

30 August 2010
Issue: 4270 / Categories: Tax cases
Yum Yum Ltd (TC616)

Y was the sole director of the appellant company a restaurant in Wandsworth. It was decided that the company should acquire a car and a 1997 Jaguar XJ Sport was bought for around £14 000. Its original list price was more than £38 000.

The car was used on company business and also to transport staff. It was insured for use by Y and his wife for social and domestic purposes as well as in connection with the business. No one else was insured to drive it.

The car was kept at Y’s home overnight. It was claimed that the car was used only in connection with company business and that it met all the conditions to qualify as a pool car (ITEPA 2003 s 167).

HMRC claimed however that the car was a company benefit...

If you or your firm subscribes to, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.

back to top icon