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Old 13th November 2002 | 12:06
  #6 (permalink)  
poetpilot
 
Joined: Jun 2001
Posts: 492
Likes: 1
From: Manchester, UK
Hi Drauk

Just to give a few more details, my 172 is owned by my VAT registered, Ltd company. It's not the only thing my company does by the way.

When I rent it for my own use, I am effectively putting some personal money back in the company, so in the big scheme of things I do effectively get it at a reduced rate (though there is the element of double taxation mixed up in there somewhere).

However, if you really want some good use yourself, I would still seriously consider grouping your a/c. At least you know who is flying it - I have no say on who can fly it, and a100+ hrs pilot could still treat my aircraft badly (I have a clause though, that says if bad treatment is ongoing, then I reserve the right to withdraw the a/c immediately).

There's pros & cons - my particular arrangement suits me and my aims in terms of where my company is going in the long term. Doesn't necessarily mean it will suit you!

Good luck.
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