Question on business tax

Blackstar1
Blackstar1 Registered, AAT Student Posts: 1
Question: A person invests £10000 on a van for his business. He takes out a loan for £7000 and pays £3000 in cash. The loan repayments are £200 per month. Can you claim the annual investment allowance on the £200 per month or just the interest or none of it. Any advice

Comments

  • Caspar1
    Caspar1 FMAAT, AAT Licensed Accountant Posts: 26
    AIA is claimable on the full asset price paid, regardless of how he pays for it.
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