Redundancy offer with car

A question about : Redundancy offer with car

My company is making me redundant (in consultation period at present) and I have asked for my company car as part of my redundancy package. Its wholly owned by the company and not leased. If they do give it to me, on top of my redundancy money is it liable for tax? they think it might be. My package would be under Ј30k including the car.

Best answers:

• Shouldn't be taxable; as long as something is signed agreeing the value then it becomes payment in kind which is nothing to do with a benefit in kind.
  But do make sure you understand the car's trade value and don't overpay for it. Look at lots of others of similar age, miles, condition etc on ebay and autotrader, take an average and knock off 15%.
• Thank you for your help will check out value
  S