BTX - Motor expenses how do you treat them when working out the adj net profit?
topcat
Registered Posts: 452
Hello,
Just had a look at a question in Kaplan but no where in the tutorial which i can see do they have any info on this.
"Motor expenses included the running costs of:
Delivery vans - £22000
Sales Representative car - £10000
Joesph car which is 50% used for private mileage - £6000"
All they have added back on £3000.
So does this mean the only motor expenses which are not allowed during this calculation is personal expenditure for motors?
Thanks
Just had a look at a question in Kaplan but no where in the tutorial which i can see do they have any info on this.
"Motor expenses included the running costs of:
Delivery vans - £22000
Sales Representative car - £10000
Joesph car which is 50% used for private mileage - £6000"
All they have added back on £3000.
So does this mean the only motor expenses which are not allowed during this calculation is personal expenditure for motors?
Thanks
0
Comments
-
Yes that is correct only the 50% £3000 is disallowed for private mileage the rest is allowable.0
-
Thanks very much0
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