Vehicle private use

PGM

A relative doing their own tax has asked me a few question, but not being a tax person I'd rather ask you guys;

Business use of a van, which I think is 70%, what do you apply the 70% to?

I have it in my mind that its different with vans to cars, would it be just the fuel element?

Many thanks

T.C.

Not sure what your question is? If 70% is private use then this is simply drawings. I would advise your friend to see some professional help.

PGM

Sorry I meant business use 70%, of Van, not vat - I need coffee, badly!

So you'd recognise 70% of;
fuel
insurance
repairs
van capital costs

I looked back on past threads and there seems to be a bit of conflicting advice. But as there's not other vehicle, some personal use needs to be recognised. Just wanted to confirm it is on everything and not just fuel.

cheers!

JodieR

yes it's on everything van related - remember to restrict the HP interest too if it's on HP

PGM

Many thanks, I had it in my mind for some reason you could put more through with a van compared to a car.

T.C.

Totally agree with Jodie!

PGM

T.C. wrote: »

Totally agree with Jodie!

Thank you both.