Accident/hail damage to company vehicle, private payout possible?
Is it possible to have a company vehicle, for example, for hail damage or an accident, paid out into a private account?
Thank you for your answers!
(1 rating, 1 votes, rated)You need to be a registered member to rate this.
Loading...
If the private account belongs to the owner of the vehicle this should be possible…otherwise of course not
The person who paid for the insurance gets the payout – otherwise it would be a joke – one pays and the other gets.
No, the owner of the vehicle receives the payout and that is not you
And if the vehicle belongs to the boss? Owner = boss
Then the company's tax advisor will certainly have something against it
The amount will be transferred to the deposited account. What the business owner ultimately does with it is his business. It just needs to be accounted for accordingly.
So I'm asking, because if you pay it out, it's tax-free, can you also deposit it into your private account? (So, your boss's car)
The boss can buy a new car from the sum, you are the worker, you can buy the car
And if the company owner directly asks that the insurance be paid into his private account, is this allowed? Or is it tax evasion? Because the amount is paid out tax-free. Many thanks to everyone.