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Self employed - car expense
kerry_bookkeeping
Posts: 1 Newbie
in Cutting tax
Hi
I'm newly self employed and in the process of buying/leasing or HP a car which will be used 95% of business..... what is claimable with all 3 options as I know:
A - If I buy a car I can deduct so much as a capital expense based on various CO2 but could I do this if I get a car on Hp?
B - I can deducted 45p per mile
If I lease or HP a car can I deduct thoses payments or just the interest on the HP???
Please can someone shed some light!
Many thanks
I'm newly self employed and in the process of buying/leasing or HP a car which will be used 95% of business..... what is claimable with all 3 options as I know:
A - If I buy a car I can deduct so much as a capital expense based on various CO2 but could I do this if I get a car on Hp?
B - I can deducted 45p per mile
If I lease or HP a car can I deduct thoses payments or just the interest on the HP???
Please can someone shed some light!
Many thanks
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I heard carless4u are spammers:)0
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