We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Capital allowance van purchase.
Boxingfergie
Posts: 7 Forumite
in Cutting tax
Hi Folks. Director of small limited company with about 9 months in trading. Time has come to purchase a van for the business.
Am I right in thinking the total purchase price can be put through as a capital allowance? If so what is the best way to purchase? Bank transfer, cash? Van is used. Any specifics surrounding the purchase I need to note?
TIA
Am I right in thinking the total purchase price can be put through as a capital allowance? If so what is the best way to purchase? Bank transfer, cash? Van is used. Any specifics surrounding the purchase I need to note?
TIA
0
Comments
-
The business can claim capital allowances on the full cost in the year of purchase.
If the van is available to an employee for private use, there will be a benefit in kind.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.7K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards