D DaithiNew Guest 10 May 2010 #1 Hi, I am PAYE and have a part time business also. If i buy a van, suv or 4x4 can its depreciation be shown for the business? If so what % does this normally work out at per year?
Hi, I am PAYE and have a part time business also. If i buy a van, suv or 4x4 can its depreciation be shown for the business? If so what % does this normally work out at per year?
D dockingtrade Registered User Messages 342 10 May 2010 #2 12.5% pa on commercial vehicles. Be careful if you buy an SUV or 4X4 it is classed as a car or private vehicle. The cost is then restricted to i think 24k ie if you pay 30k for a 4x4 "private motor" you'd get 12.5% on 24k not 30k
12.5% pa on commercial vehicles. Be careful if you buy an SUV or 4X4 it is classed as a car or private vehicle. The cost is then restricted to i think 24k ie if you pay 30k for a 4x4 "private motor" you'd get 12.5% on 24k not 30k