Capital allowance

bumblebee

Hi everyone, can CA's be claimed for part of the year on private motor vehicle? Vehicle introduced in the first year, and disposed in the same year. Thanks in advance.

T.C.

Would there really be any benefit to this?

bumblebee

Yes. I have got the solution to this, brain must have gone numb again!

Show additions
less: disposal value

= balancing allowance/ balancing charge.

deanshepherd

Just don't be too greedy on the market value introduced. Otherwise HMRC will question why the value has dropped significantly within the same year.