Advice on a registered car: Tax and risks

Questioner

I need advice on registering a car from my employer in my name. Is it as simple as he says? See the email exchange below: It would be great if you could help me! My question to my new employer: I had to think about your idea to put the car in my name. In itself of course no problem but then we have to put a few things on paper. The contract also has to be adjusted regarding the part about the car. I think there are some catches for me regarding taxes etc., have you discussed this with Chris? Maybe it would be smart to have a lawyer look at it so that it works out well for both of us. His answer: It's very simple. 1. The car is registered in your name. 2. I already paid him. 3. So you own a private car that I paid for. But let's just leave it like that. 4. So you don't have a company car. 5. You simply declare the costs incurred each month. The reason is that I would have had to have done a lot of damage somehow. I am not aware of any damage. But I can't get third party insurance from the system, according to my accountant. I have to solve that first because this does not reflect reality. It's that simple and we'll sort it out on Monday. Then at least you'll have transportation.

Lawyer

This is not as simple as your employer makes it out to be. It seems that your employer cannot or does not want to have the car in his name because he has to pay a lot of premium for the car insurance. If the car is registered in your name, the tax authorities can see this as a benefit in kind and levy tax on it. Your employer indicates that you can declare the costs incurred on a monthly basis, but this can also be seen as a benefit in kind. In addition, it is important what agreements are made about the car if you leave or if you are dismissed. Also important is the agreement about what happens when the car is sold. In short, there are many questions about which good agreements must be made.