Van for business and writing off tax

R

Robert

Guest
i am thinking of buying a new van for my business,this i beleave can be put against my tax bill..if i have a side window in the sliding door will this make a difference?
 
Once the vehicle is classified as a van, VRT commercial etc., it is allowable without restriction as to value. cars & similar used for business purposes are subject to a value ceiling. Note that the tax write off is 12.5% pa for 8 years. It is not immediate.
Note also that if there is any personal use this must be disallowed from both capital cost and running costs in arriving at tax deduction.
 
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