Landlords Alliance – Emergency Euro Elections Statement21:09 PM, 21st May 2019
About 5 days ago 71
I am in the process of trying to complete a ” Business Lease ” on a car from BMW and have hit a stumbling block . They are stipulating I must be Self Employed or have a Business in order to lease a car under a Business Contract.
Now here is where the problem lies – HMRC classes rental income from property / properties you own as investment income therefore there is no need to register as self employed but in essence if this is your sole income every one else considers you to be self employed – Banks etc , Well everyone except BMW !!
I have sent them my tax returns which only shows Rental Income and although that is my sole means of Income they do not consider me self employed. How can I persuade them that although HMRC does not require me to be registered as self employed , technically I am and therefore should be entitled to the Business Deal .
It’s not even about reclaiming the Vat , its the fact that certain deals are only made available to Business Customers and not Personal and unless I persuade them I am a Business Customer they will not allow the deal to go ahead.
Any useful information would be greatly appreciated
Many thanks in advance
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