Ducatisti Forum - View Single Post - Insuring company registered bike in your name?

**hughdg** · 16 Apr 08, 10:03 PM

So far as I can see the problem lies in who has purchased the bike.If it is ordered and paid for by a company then it would I think be difficult to prove ownership otherwise and if successful it would surely defeat the object of the excercise.It might be better to just have it as a company vehicle on which you pay the fuel costs for private mileage and pay the taxman accordingly as it is unlikely to be a vast amount of money each month,the company can claim depreciation as on any other vehicle and you can buy it off the company in the future at a suitable price.If you factor in the saving on insurance,servicing etc. which the company would presumably cover the cost of I think it may still work out quite well.Just an idea but a good accountant should be able to advise you on the best way to go about it and how the money side of it would work out.

16 Apr 08, 10:03 PM	#6 (permalink)
hughdg Knee Slider Join Date: Sep 2007 Location: Hertfordshire Posts: 168 hughdg's Gallery Bike: 2002 Ducati 748e 2007 Ducati 1098s Tricolore.	So far as I can see the problem lies in who has purchased the bike.If it is ordered and paid for by a company then it would I think be difficult to prove ownership otherwise and if successful it would surely defeat the object of the excercise.It might be better to just have it as a company vehicle on which you pay the fuel costs for private mileage and pay the taxman accordingly as it is unlikely to be a vast amount of money each month,the company can claim depreciation as on any other vehicle and you can buy it off the company in the future at a suitable price.If you factor in the saving on insurance,servicing etc. which the company would presumably cover the cost of I think it may still work out quite well.Just an idea but a good accountant should be able to advise you on the best way to go about it and how the money side of it would work out.