Van Stereo

emma1801 Registered, AAT Licensed Accountant Posts: 56 Regular contributor ⭐ ? ⭐
Hello All

A Self employed person purchased a new van with no stereo, what are your thoughts could the stereo be a tax deductible expense?


  • MarieNoelle
    MarieNoelle Moderator, MAAT, AAT Licensed Accountant Posts: 1,369
    edited March 2015
    I think it would fail the "wholly & exclusively for the business" test.
  • Gem7321
    Gem7321 MAAT, AAT Licensed Accountant Posts: 1,438
    But if it had been purchased with a stereo you wouldn't adjust this, would you? I would allow.
  • mcchoc
    mcchoc Registered, Tutor Posts: 59 Regular contributor ⭐ ? ⭐
    I'd add it to the capital cost of the vehicle, especially if the owner were a fan of the Dave Matthews Band. However, if any of the music played on that stereo had anything to do with Simon Cowell, I'd write off the whole lot in year one . . .
  • burg
    burg Moderator, FMAAT, AAT Licensed Accountant Posts: 1,441
    I'd allow personally as most vehicles would have one.

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