Recent content by av_raje

  1. A

    Capital depreciation and claiming tax relief back in buying Tesla outright through business

    Thank you so much for explaining this so clearly, really appreciate it. I now understand why it is called First Year allowance too.
  2. A

    Capital depreciation and claiming tax relief back in buying Tesla outright through business

    Hi, I have asked them to comment on this, no reply yet. Will update you :)
  3. A

    Capital depreciation and claiming tax relief back in buying Tesla outright through business

    Thank you so much David, really appreciate it
  4. A

    Capital depreciation and claiming tax relief back in buying Tesla outright through business

    Got it, thank you so much, really appreciate it.
  5. A

    Capital depreciation and claiming tax relief back in buying Tesla outright through business

    That's great, so we can go ahead I guess. I have asked for confirmation from the accountant. If you don't mind, what does the following in your response mean please? but then you add it back for the C/Tax calculations
  6. A

    Capital depreciation and claiming tax relief back in buying Tesla outright through business

    Is it? I have relayed this to them, will wait to see what they say. Thank you
  7. A

    Capital depreciation and claiming tax relief back in buying Tesla outright through business

    Thank you. So is there no real corporation tax saving in buying a Tesla through Ltd company?
  8. A

    Capital depreciation and claiming tax relief back in buying Tesla outright through business

    Hi, thank you for your reply. Even without selling, they said the depreciation of the asset will be declared and for that depreciated amount the corporation tax will be added back to the end of year account. Is this correct?
  9. A

    Capital depreciation and claiming tax relief back in buying Tesla outright through business

    Hi, thanks for the reply. The following is what my accountant has emailed The depreciation of the asset is added back to the profit every year as per the depreciation rate when the corporation tax is calculated as depreciation is not an allowable expense for tax purpose. Over the phone they...
  10. A

    Capital depreciation and claiming tax relief back in buying Tesla outright through business

    Hi We were going to buy a Tesla through our Ltd company to use the 100% First Year Allowance. However our accountant has said that from second year based on the depreciated value, the corporation tax saving will slowly be paid back every year and overall there is no actual saving. Is this...
See more
Top Bottom
Community
Articles
Menu