claiming tax for my car new buisiness

moosegoose said:

we are not sure if the car which she got about 2 years ago. can be tax deductible. ie claiming the initial cost of the car and can all the running costs be claimed back

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billie1 said:

I'm sure during my bookkeeping course they said we couldn't claim tax on cars only on vans. I'm sure one of the accountants on here will beable to give you a definite answer.

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moosegoose said:

hi im asking this question for my wife. who is starting her own cleaning company this week. ideally a van would be good but she has a two door car that will do for now. but we are not sure if the car which she got about 2 years ago. can be tax deductible. ie claiming the initial cost of the car and can all the running costs be claimed back. thanks in advance.

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Nicola HJ said:

Yes I assume she is starting as a sole trader. She will need to estimate the value of the car when she commences in business and will be able to claim tax relief on this. The allowance is called a capital allowance.

She can indeed also claim for the car running costs ie fuel, servicing, MOT's, repairs, insurance etc.

She will only be able to claim the business proportion of both, so she should keep a log of the mileage travelled in the car.

If she wants further advice do feel free to contact me direct. I deal with many business start-ups and will be glad to be of assistance.

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Nicola HJ said:

Your probably thinking of VAT which isnt generally recoverable for most people on a car.

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moosegoose said:

hi im asking this question for my wife. who is starting her own cleaning company this week. ideally a van would be good but she has a two door car that will do for now. but we are not sure if the car which she got about 2 years ago. can be tax deductible. ie claiming the initial cost of the car and can all the running costs be claimed back. thanks in advance.

Click to expand...