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BR & Car, wasn't expecting this...

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Comments

  • kepar
    kepar Posts: 1,297 Forumite
    Had another thought, as you are self employed and need your car for your job, the majority of your car expenses should be paid for from your business. This would mean that they did not go an your SOA as that is for private use.
  • System
    System Posts: 178,419 Community Admin
    10,000 Posts Photogenic Name Dropper
    >> "as you are self employed and need your car for your job, the majority of your car expenses should be paid for from your business"

    Not necessarily, by any means. If you're declaring the car for tax purposes then you claim 45p per mile for fuel and general wear-and-tear - and that is only tax exemption for the first 10k miles. Servicing and everything else comes out of your own pocket. It's different if the vehicle is soley for business use.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • messedupmoney - it's only 45p per mile for the first 10,000 miles then it goes down to a lower rate & that rate is an allowance for FULL expenses of the car (includes everything & if you need a replacement you cannot claim it as an expense in addition to mileage according to HMRC course I was on in Dec)
    It does depend if OP is claiming mileage or claiming %usage (yes there are 2 different systems)

    Kepar - I'm a mobile therapist (though with not as much kit as some take) & very much doubt it's status - it's a very practical being able to fit everything in (especially couches) in a way that is safe & practical to the OP
    I simply could not use many types of car because I would not be able to load it up safely - thankfully mine was excluded in my br and all its expenses came from my business accounts BEFORE I drew any income.

    barclaynyc - I suggest you make sure you know how you're running your business re expenses and all your accounts are up to date to the br, as well as a business case for the vehicle you require to continue your self employment (ie vehicle size & capacity, minimum boot size & heights, risk assessment for loading & carrying equipment safely to your destination) then use that to prove to yourself (and consequently Or) what your options actually are to continue working.
    For example I couldn't use a vehicle that does not have full width to put my couch in, has to be a higher boot floor than most cars (to protect my back) and take my other equipment esp when doing shows etc (banners marquees etc)

    lbm
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