thinking of buying a van

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    thinking of buying a van

    i own a car and i am thinking of buying a van just to move furniture , rubbish removal , building materials to from rental property. can i claim for the purchase of the van or just 40p a mile

    #2
    Whichever you fancy. But you can only claim for the proportion of the van that relates to business use.

    e.g. 1000 miles on rental property, 9000 miles on other business; you then only claim for 10% of total diesel, insurance and capital allowances (the latter being the way you get tax relief for capital purchases).
    The contents of this note are neither advice nor a definitive answer. If you plan to rely on this, you should pay somebody for proper advice.

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      #3
      If you are running your properties as a business then you will also be able to claim some capital allowance for the purchase. Check with your accountant.

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