TAX MATTERS: Tax burden on cars sold to employees

https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-253627.mp3?cb=1732288833.mp3THE acquisition of a motor vehicle by an employee from an employer at below market value of the vehicle represents a taxable benefit to the employee. The taxable benefit to the employee is the difference between the market value of the motor vehicle at the time of selling to the employee and the cost at…