Taking a Car Out of Your Company? Here’s What It Could Really Cost You

You own the company. Your company owns the car. So surely transferring that car into your personal name is just a matter of changing the rego? Not quite. In this video, Nathan breaks down a practical example of what can happen when a company-owned motor vehicle is transferred to a director, shareholder or other related party. We cover: 🚗 Why you need to establish the vehicle's market value 💰 What could happen with GST 📊 How the vehicle's written-down value can affect the company 🧾 Potent...