Capital Allowances on Cars

Capital Allowances on Cars and Vans Explained

A claim can be made for capital allowances in respect of any cars or vans which are used in a business but only on the part that relates to business use: 1. Any qualified expenditure incurred on or after 6 April 2009 on cars is allocated to one of the two general plant and machinery pools on the basis of the car’s CO2 emissions. 2. In the event cars are also used for non-business purpose they will be kept in […]