exp car allowance

hi guys,
hope someone could help with the following:
i have an expensive car pool with a vehicle which value has been brought forward of £18000, i think im right limiting the WDA to £3000 instead of £3600 and as the business use is 60% i then calculate 60% of the £3000?
this might sound obvious or ami doing it wrong?
im having trouble when it comes to calculating % for business use
thanks
rob
hope someone could help with the following:
i have an expensive car pool with a vehicle which value has been brought forward of £18000, i think im right limiting the WDA to £3000 instead of £3600 and as the business use is 60% i then calculate 60% of the £3000?
this might sound obvious or ami doing it wrong?
im having trouble when it comes to calculating % for business use
thanks
rob
0
Comments
yes you are doing the right thing
3000 * 60% Capital Allowance for expensive car 1800
i was initially taking 60% from the wdv b/f not the 20% wda
thanks
rob
Lily xxxxxxxxxxxxxxxx
it was for business use, i was initially calculating the 80% business use off the wdv b/f of the exp car pool rather than first writing down the 20% and then calculating 60% of the wda, if that makes any sense.
im yet to tackle personal tax so i think your comments maybe be in relation to that unit, is personal tax based along the same lines as business??
cheers
rob
there seems to be links between business tax and pers tax can i expect this with other areas too?
thanks
rob
Only just learning this myself but for some reason this stuck.
The one thing am struggling with is NI
Businesses, ie. unincorporated businesses, can have PU. Ltd. co.'s can't.