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small van for income tax

allM · 2014-01-27 12:30:53

Can the money spent buying a small van be used as an expense for a farmer in his accounts ? he is not vat registered, if it makes any difference. any advice greatly appreciated

27-01-2014 12:30pm

#1

allM

Registered Users, Registered Users 2 Posts: 8 ✭

Join Date: July 2011

Posts: 5

Can the money spent buying a small van be used as an expense for a farmer in his accounts ?

he is not vat registered, if it makes any difference.

any advice greatly appreciated

0

Comments

#2 04-02-2014 12:04am

Citizenpain

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Join Date: November 2008

Posts: 1953

I'd be surprised if it was allowed as an expense - Capital allowance over 8 years more than likely

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#3 04-02-2014 12:08am

farmerboy

Banned (with Prison Access) Posts: 7 ✭

Join Date: February 2013

Posts: 7

Yes Cost to buy van 12.5% over 8 years.
Running cost in the year you incurred them

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