Capital allowance for cars
Hi, I have a question regarding the method of claiming allowances for a camper van (which I understand HMRC class as a car). If a self employed person uses the cash method of accounting, and would normally claim mileage for their business miles, presumably they would then include a car within their "special rate" allowance (high CO2 emissions) and only be able to claim 6% per year on the WDV? This being the case, if they switched to claiming a % of their vehicle running costs instead of a mileage allowance on what basis can they claim capital allowances when purchasing the vehicle?
Thanks :-)
Thanks :-)
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