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buying a car

  • 07-03-2011 5:27pm
    #1
    dub biz
    Registered Users, Registered Users 2 Posts: 27 ✭


    I’m self employed as a sole trader and I’m looking to buy a car (not commercial) Can it be done that way and if so what tax implications are there for me if I do?

    Thanks in advance


Comments

  • #2
    91011
    Closed Accounts Posts: 1,383 ✭✭✭91011


    buy it yourself privately and charge mileage to your business expenses. That's the easiest way.


  • #3
    dub biz
    Registered Users, Registered Users 2 Posts: 27 ✭dub biz


    Thanks for the reply. What way does the mileage work


  • #4
    rolion
    Closed Accounts Posts: 3,362 ✭✭✭rolion


    dub biz wrote: »
    Thanks for the reply. What way does the mileage work

    have a look here:
    http://www.revenue.ie/en/tax/it/leaflets/it51.html

    be very carefull when defining "home" and "place of work"...

    also,what drive me crazy is those rates were set when petrol price was 1.10/1.20... now,with the "american black gold dream" going forever,the price at the pump is gone mad ,over 1.50.

    how do we compensate for the difference ? are they going to increase the rate ? or...?

    tia


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