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Vehicle private use

PGMPGM Font Of All KnowledgeRegistered Posts: 1,954
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

Comments

  • T.C.T.C. Experienced Mentor Registered, Tutor Posts: 1,448
    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.
  • PGMPGM Font Of All Knowledge Registered Posts: 1,954
    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!
  • JodieRJodieR Experienced Mentor Registered Posts: 1,002
    yes it's on everything van related - remember to restrict the HP interest too if it's on HP
  • PGMPGM Font Of All Knowledge Registered Posts: 1,954
    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.T.C. Experienced Mentor Registered, Tutor Posts: 1,448
    Totally agree with Jodie!
  • PGMPGM Font Of All Knowledge Registered Posts: 1,954
    T.C. wrote: »
    Totally agree with Jodie!

    Thank you both.
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