Ferrari builds one-off car for Eric Clapton - Telegraph
Don't know how Eric pays for it? Actually he gets it for free! If he puts this one down as his company car for his highest taxed company then that company can claim the cost of the car,the running costs and the insurance against the tax bill, thus reducing it. So he pays less tax and gets a car as well. By not getting the amount of tax, the Government actually pays for the car.!!!
Ot course, this only works if he pays tax! He probably has off shore trusts from which he can obtain loans and never pay back. Meanwhile the trust money is invested for his family
Don't know how Eric pays for it? Actually he gets it for free! If he puts this one down as his company car for his highest taxed company then that company can claim the cost of the car,the running costs and the insurance against the tax bill, thus reducing it. So he pays less tax and gets a car as well. By not getting the amount of tax, the Government actually pays for the car.!!!
Ot course, this only works if he pays tax! He probably has off shore trusts from which he can obtain loans and never pay back. Meanwhile the trust money is invested for his family
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