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Old classic van for business
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chipolatta
Posts: 47 Forumite


in Cutting tax
Hi, I have a modern van already which I use to run my business, but I really fancy an old classic van like a Citroen H van, which would really stand out and promote my business, but also could be used occasionally for hauling materials about. My question is, can an old banger (and all its spare parts) be tax-deducatable in my next tax return, or even clawedback from the previous year?
I understand that it doesn't matter how many plant/machinery/vans a company or sole trader owns, but would that include something like an old classic van as well?
Thanks in advance, Chipper
I understand that it doesn't matter how many plant/machinery/vans a company or sole trader owns, but would that include something like an old classic van as well?
Thanks in advance, Chipper
0
Comments
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No problem as long as the purchase IS business motivated and you only claim the proportion of costs split between business and private use, as with any vehicle.1
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Pennywise said:No problem as long as the purchase IS business motivated and you only claim the proportion of costs split between business and private use, as with any vehicle.0
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