Car Tax Treatment
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wannabebean
Registered Posts: 72 Regular contributor ⭐
Hello All
I have a question that relates to a client.
The client has purchased (on HP over three years) a CAR (diesel with a low carbon footprint). He is currently paying £275 PCM to the Loan Company (HIRE PURCHASE PROVIDER). He pays this out of HIS OWN PERSONAL BANK ACCOUNT as the HP agreement was in his own personal name. He then pays the £275 back into his own personal bank account every month (to the exact amount to the penny with the payment marked as "CAR").
Can he claim the £275 PCM as a business expense? Car used only for business? How do you treat this?
Very confused about this one.
Thank You for any help
I have a question that relates to a client.
The client has purchased (on HP over three years) a CAR (diesel with a low carbon footprint). He is currently paying £275 PCM to the Loan Company (HIRE PURCHASE PROVIDER). He pays this out of HIS OWN PERSONAL BANK ACCOUNT as the HP agreement was in his own personal name. He then pays the £275 back into his own personal bank account every month (to the exact amount to the penny with the payment marked as "CAR").
Can he claim the £275 PCM as a business expense? Car used only for business? How do you treat this?
Very confused about this one.
Thank You for any help
0
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