help please on adjusting profits - allowable and not
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Kdriver1
Registered Posts: 4
in Business Tax
Hello,
For a company when adjusting profits do we allow private use motor expenses or disallow?
eg, operating lease of 180g/km CO2 used for business by director ( 50% private use) has only had the 15% rule applied to it for lease payments over 110 g/km and not 50 % private on top of that disallowed.
please can someone confirm if private expenses are allowed/disallowed on a company adjusted profits
Sole traders i know the private part is disallowed.
thanks in advance!!!
For a company when adjusting profits do we allow private use motor expenses or disallow?
eg, operating lease of 180g/km CO2 used for business by director ( 50% private use) has only had the 15% rule applied to it for lease payments over 110 g/km and not 50 % private on top of that disallowed.
please can someone confirm if private expenses are allowed/disallowed on a company adjusted profits
Sole traders i know the private part is disallowed.
thanks in advance!!!
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