motor tax deductible

[douglastubbs]

Hi all,
I am preparing accounts for my accountant. I need to know if motor tax is deductible for the element that relates to my business?

Thanks,

Douglas

 

[contemporary]

is it a company car or personal car?

 

[douglastubbs]

It is a personal car with about 70% business milage. Thanks for the reply

 

[HME]

The expense that you incur in relation to your business is deductible. However this may be restricted depending on the means by which you financed the purchase of your car and on the cost of your car. Was it financed from your own funds, by HP or by lease?

 

[douglastubbs]

Hi,
the car was paid for in cash.

Thanks again