Originally Posted by Slopey
I thought that as a standard PPL holder, one of the conditions is that you are specifically prevented from flying an aircraft owner by your employer? So even if you were taxed on it, you could'nt fly it as it's owned by the company?
Actually - I've just re-read CAP393 Para 161(1) & (2) which would seem to indicate that it would be possible to fly a corporately owned a/c as long as there was no money changing hands aside from direct costs, and that any person carried is under no legal obligation to be carried.
(further edit)
See:
http://www.caa.co.uk/docs/122/summar..._transport.pdf
5.4 Exception No 4 – Recovery of direct costs (motor mileage) (Article 161)
So you can recover the direct costs as expenses for travel - it does'nt mention if the company owns the aircraft however?
Could someone enlighten me? Just because in a few years time there's a fair chance I'd go this route. And if it's permissable, I'd be subject to BIK tax as I'm a director of the company?