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PostPosted: Wed Nov 26, 2014 4:43 pm 
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Joined: Fri Feb 14, 2014 11:04 pm
Posts: 36
Hey everyone

I've just got my hackney badge in, i plan to rent to begin with and see if i like it, but down the line i might think about buying in.

Anyway i've been trying to work out the pros and cons between owning and renting. If i rent i have a rough idea what i can claim back in tax but if i own i am totally clueless how tax works so think i'm best speaking to a good accountant.

Can any owners put me in the direction of a good one?

Cheers


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PostPosted: Wed Nov 26, 2014 10:14 pm 
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Joined: Mon Feb 15, 2010 8:38 pm
Posts: 1975
Location: Edinburgh
Give John Cowie a call at London taxis direct, Glasgow, I'm sure he'd be willing to give you advice, I'd recommend though to give yourself a couple of years before you buy in, ask other owners and drivers the Pros and Cons of buying or renting, I bought in 16 years ago age 33, it was the right decision for me :wink:

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PostPosted: Wed Nov 26, 2014 11:44 pm 
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Joined: Wed Aug 11, 2010 5:25 pm
Posts: 336
Location: Glasgow
John Allen aka clydegrove in tollcross


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PostPosted: Thu Nov 27, 2014 7:14 am 
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Joined: Fri Feb 14, 2014 11:04 pm
Posts: 36
Thanks for the suggestions lads, thats gives me something to work on, just trying to get as organised as possible before i start.

Probably quicker just speaking to an accountant instead of trying to work everything out in my head, cheers :)


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PostPosted: Sat Nov 29, 2014 7:16 am 
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Joined: Thu Dec 15, 2011 8:45 am
Posts: 9966
Location: Braintree, Essex.
alan78 wrote:
Hey everyone

I've just got my hackney badge in, i plan to rent to begin with and see if i like it, but down the line i might think about buying in.

Anyway i've been trying to work out the pros and cons between owning and renting. If i rent i have a rough idea what i can claim back in tax but if i own i am totally clueless how tax works so think i'm best speaking to a good accountant.

Can any owners put me in the direction of a good one?

Cheers



You don't need one.


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