19 Apr 2016

A question about : Lease car

Hi all

I am in full time employment and pay my taxes etc on a PAYE basis (20% tax bracket)
I will be setting up a small business at home in April as a Sole Proprietor which I will be running in the evening and weekends.

I am using my car on a daily basis to go to and from my main employment along with site visits every week.

I will also use my car to carry out my business in the evenings and weekends to visit clients and sites.

If I lease a car on a personal contract; what can I claim back (other than fuel) Can I claim back a % of the monthly cost of that car?

The CO2 rating for the car I'm looking at is D. Book value Ј28k

Can someone please advise on what can I claim back and If my small business needs to generate a certain amount before I can claim the use of a car.

Thank you.

D

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    Cutting Tax
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