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Question on business tax

Blackstar1Blackstar1 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

  • LoraAThreadgillLoraAThreadgill Registered Posts: 3
    A corporate tax, also called corporation tax or company tax, is a direct tax imposed by a jurisdiction on the income or capital of corporations or analogous legal entities. I need some more information about tax for my sba business plan so I am searching for the information about it.
  • Caspar1Caspar1 FMAAT, AAT Licensed Accountant Posts: 24
    AIA is claimable on the full asset price paid, regardless of how he pays for it.
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