Question on business tax

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Blackstar1
Blackstar1 Registered Posts: 1
edited June 18 in AAT member community
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

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  • Caspar1
    Caspar1 Registered Posts: 32 Regular contributor ⭐
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    AIA is claimable on the full asset price paid, regardless of how he pays for it.

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