SMF - Just Installed!

Tax releaf on van

Started by prefab19, July 30, 2017, 12:37:30 PM

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prefab19

Hi everyone,
                    Not long joined this site and first posting, I have a small van which is due for replacement, I know you can claim for road tax and fuel, can I claim tax on a replacement van
I let out 3 properties and the van is the only vehicle I own,

                                                   Thanks     Roy

Simon Pambin

You can't set the whole cost of the van against tax. You could claim capital allowances but only pro rata based on the ratio of business to non-business mileage. Unless your tenants a very high-maintenance, I'm guessing that's not going to be a very big number so you may find it less of a faff to forget claiming for costs individually and just claim 45p per business mile.