# Car held for investment in a corporation **URL:** \ **Category:** Tax Topics\ **Created:** [February 8, 2022, 5:00am UTC](https://www.protaxcommunity.com/t/car-held-for-investment-in-a-corporation/5404 "2022-02-08T05:00:56Z")\ **Posts on this page:** 1\ **Showing post:** 3
**Author:** ![Nezzer](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/nezzer/32/3845_2.png) [@Nezzer](https://www.protaxcommunity.com/u/Nezzer)\ **Post date:** [February 8, 2022, 8:18pm UTC](https://www.protaxcommunity.com/t/car-held-for-investment-in-a-corporation/5404/3 "2022-02-08T20:18:40Z")
If it is truly a corporate investment, then the OWNER shouldn’t HAVE it - the car should be owned by the corporation (legal title, registration, etc). However, I suppose there is a way around that - a trust declaration for beneficial ownership, such as discussed here: > [@Beneficial ownership](https://www.protaxcommunity.com/t/beneficial-ownership/5377): > > A REALCO wants to buy a new residential property but builder does not allow corporation to go on title. Due to builder’s condition, corporate directors (husband and wife) need to be on title, whereas, 100% down payment is coming from corporation. Is their anyway, if corporation and directors/shareholders create a beneficial ownership/trust agreement on side, the property can be recorded in Corporation along mortgage, interest and other expenses, reporting rental income and resultant capital gai… As long as the shareholder doesn’t benefit from it (personally), there shouldn’t be an issue. However, if the owner purchases it personally (without corporate funds), he may be able to sell it as a used, personal vehicle, and there would be no income tax on the profit. --- _[View the full topic](https://www.protaxcommunity.com/t/car-held-for-investment-in-a-corporation/5404)._