VRT and Self employed individual

S

Seonewbie

Registered User
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79
Hi all,

Maybe you can help. I was wondering if you buy a car in england and transfer it over here, can you claim the cost of the vrt in addition to the depreciation against your self employed income?

Thanks a million,
Seonewbie
 
Depreciation will be calculated on the total cost of the car including VRT over 8 years.
 
A revised scheme for capital allowances and leasing expenses for cars used for business purposes is being introduced from 1st July 2008 ,see revenue site

Under the old scheme the max allowable was 24k
 
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