Car purchase - quick question

Sarah-Lou
Sarah-Lou Registered Posts: 141 Dedicated contributor 🦉
edited June 18 in AAT member discussion
Client has purchased a car (not brand new) part cash part finance. Can I put through a % of the finance costs? Just the interest? Nothing at all as gets tax relief through capital allowances?

Thank you

Sarah-Lou

Comments

  • groundy
    groundy Registered Posts: 495 Dedicated contributor 🦉
    You would claim finance interest then proportion for private use (if any)
  • Sarah-Lou
    Sarah-Lou Registered Posts: 141 Dedicated contributor 🦉
    Thank you so much that is what I thought :001_smile:

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