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INVESTMENTS
liable for tax if you purchase a car on behalf of your agreement must be kept comprehensively insured for
employee. To what extent will depend on the degree for the duration of the term.
which the car is used for non-business matters.
Employees however, must declare any taxable benefits on
their tax return. For further details, please consult the
Income Tax Department.
And finally, if you choose to opt for motor finance
(whether as a business or for personal use), there are a
number of important points to remember:
• If you have financed your car through a conditional
sale, PCP or lease, legal title of the vehicle will remain
with the finance company until the balance is settled
in full
• Failure to make repayments on time could result in
repossession of your car
• If you are thinking of taking the car off the island, you
must seek permission from the finance company
beforehand
• Equally, if you want to sell the vehicle before the end
of the agreement either to a garage or private seller,
(from left to right)
you must settle the balance in full with the finance
Equipment Rental Finance Business Development
company first
Executives - Denny Lane, Melanie Truscott-Michel,
• Any vehicle purchased through a conditional sale
Graeme Fairlie and Sarah Audrain
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DOMESTIC OIL
Petroleum Distributors can offer a fast delivery
service, reliable bolier maintenance, tank
replacements, Aga servicing, planned payments at
competitive prices... the Complete Solution for
Domestic Heating
PETROLEUM DISTRIBUTORS (JERSEY) LTD
TEL: 826826 or 826800 (DELIVERIES) FAX: 826820 BRANDED DISTRIBUTORS
20/20 thirty five
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