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Related UK Tax Questions
Please, can you help me to understand how I should record
Hello Please, can you help me to understand how I should record buying a car for my business ( I am in partnership). I bought it in this August for around £5000. How should I record it in accounting s… read more
bigduckontax
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When can one buy business car as a sole trader. i did more
When can one buy business car as a sole trader. i did more than 25000 miles last year as business miles. Can I buy a car for business use please.… read more
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Tony Tax
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I self employed (sole trader) and I do seasonal work. I am
I self employed (sole trader) and I do seasonal work. I am estimating that my profits are going to be too high by the end of March, and I may lose my entitlement to tax credits. I am thinking of buyin… read more
Tony Tax
Tony Tax
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Hi Im currently in my first year as working as a sole trader
Hi I'm currently in my first year as working as a sole trader and need to purchase a new car (as my current one is on it's let legs). If I purchase a car will this reduce my tax liability by 100% of t… read more
taxonomy12
taxonomy12
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I am intending to buy a classic car (20 -30 years old, 3 litre
I am intending to buy a classic car (20 -30 years old, 3 litre engine) and hire it out/ chauffeur drive it. I am wanting to know to what extent and over what period a writing down allowance can be cla… read more
taxadvisor.uk
taxadvisor.uk
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I have a chauffeur company and have ten high value limousines
I have a chauffeur company and have ten high value limousines - can I claim 100% capital allowances on the vehicles. These are not company cars in the normal sense of the word. The are vehicles solely… read more
TaxVince
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Dear XXXXX I am aware that cars purchased since 2009 used
Dear XXXXX I am aware that cars purchased since 2009 used 100% for business are not dealt with separately in the capital allowances but put in a general pool with the result that there would be no bal… read more
Sam
Sam
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Im a self employed freelance photographer (not VAT registered).
I'm a self employed freelance photographer (not VAT registered). My question is this: I am looking to lease my next car. Should I take on a business or personal lease. I believe it would be less costl… read more
Tony Tax
Tony Tax
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High School or GED
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my husband set up a company related to medical practice this
my husband set up a company related to medical practice this year and will claim the additional 6 months for filing accounts for a new company. he also wants to purchase a green car which can be fully… read more
Tony Tax
Tony Tax
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If I am self employed and bought a car on the 8/7/10 for £7995
If I am self employed and bought a car on the 8/7/10 for £7995 how would I include this in my tax return for 10/11 please?… read more
Tony Tax
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I read that a uk LTD could offset the entire purchase of a
I read that a uk LTD could offset the entire purchase of a car that had emissions less than 120g CO2 against the current years tax. Does it have to be with cash from the business?Does this rule out bu… read more
Tony Tax
Tony Tax
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Please can you help I am a 42 year old man married with one
Please can you help I am a 42 year old man married with one child age 10 my basic pay is £2746.16 every 4 weeks I have a company car as a essential part of my job as I live in Leicester but my place o… read more
Sam
Sam
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Higher Officer HMRC
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how much can I claim for using part of my home for my self
how much can I claim for using part of my home for my self employment, and what can I claim for for my car which I paid £7500… read more
Sam
Sam
Accountant
Higher Officer HMRC
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Hi, I am self employed and sell new and used cars. I am currently
Hi, I am self employed and sell new and used cars. I am currently thinking of contract hiring a new car which will work out at £640 per month plus vat for 2 years. It is going to have my company logo … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
i am self employed and bought a car via a loan and use it for
i am self employed and bought a car via a loan and use it for 80% business use. I am doing my tax return and would like to know what proportion of the cost of the car i can reclaim against my tax and … read more
Sam
Sam
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Higher Officer HMRC
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Hi there. I am self emplyed and thinking about buying or leasing
Hi there. I am self emplyed and thinking about buying or leasing a car and wondered which would be better for tax purposes? Also, if buying, not sure about whether to buy new or 2nd hand and if it mak… read more
Tony Tax
Tony Tax
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High School or GED
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Hi, I am a sole trader designer. This year has been very
Hi, I am a sole trader designer. This year has been very good and has put me into the 40% tax band. I am facing a substantial bill next year and need to invest back into my business so as to hopefully… read more
Julie Kingham
Julie Kingham
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I AM SELF EMPLOYED. I HAVE BOUGHT A NEW CAR WHICH IS FOR WORK
I AM SELF EMPLOYED. I HAVE BOUGHT A NEW CAR WHICH IS FOR WORK & PRIVATE USE (ABOUT 50% EACH) I CLAIM 50% RUNNING COSTS BUT CAN I CLAIM FOR THE PURCHASE COSTS? THANKS, CLIVE… read more
Julie Kingham
Julie Kingham
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