Help - Capital allowances
hanapospis
Registered Posts: 111 Dedicated contributor 🦉
Hi Guys,
I am not sure with a few bits in CA calculation. Can anyone help me out here?
If limited company buy a car and the car has certain percantage of personal use, do I need to proportion this as I do with partnership or sole trader?
If a partnership or sole trader buy a new car (not low emission one) for 11.000 with 20% private use. Do I have to open a single pool for this asset or i will include 80% of the cost in a general pool?
I am sure I will not pass my exams :crying:
Thank you
I am not sure with a few bits in CA calculation. Can anyone help me out here?
If limited company buy a car and the car has certain percantage of personal use, do I need to proportion this as I do with partnership or sole trader?
If a partnership or sole trader buy a new car (not low emission one) for 11.000 with 20% private use. Do I have to open a single pool for this asset or i will include 80% of the cost in a general pool?
I am sure I will not pass my exams :crying:
Thank you
0
Comments
-
There is no private usage of a company car.
Just a benefit charge for the user.
With a sole trader any private usage means the asset goes into it's own pool.0
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