Private Car Usage

jewels.p
jewels.p Registered Posts: 1,774
in AAT Level 4 (Level 8 in Scotland)
Am I right in thinking that in a Capital Allowance Computation you only adjust for Private Usage of the car for Sole Traders and Partnerships and NOT for Company Directors or Employees?

Comments

  • Monsoon
    Monsoon FMAAT, AAT Licensed Accountant Posts: 4,071 🎆 🐘 🎆
    That is correct.
  • burg
    burg Moderator, FMAAT, AAT Licensed Accountant Posts: 1,441
    Yes company directors and employees will be taxed on these through P11d's if appropriate.
    Regards,

    Burg
  • jewels.p
    jewels.p Registered Posts: 1,774
    Thanks you two just wanted to confirm with people that know the right answers as I am still doubting myself alot when it comes to Business Tax Rules! :laugh:

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