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Sole trader Buying a Van

  • 19-02-2015 8:27pm
    #1
    manq
    Registered Users, Registered Users 2 Posts: 4 ✭


    I'm a sole trader, builder, not VAT registered.
    I recently started a PAYE employment but still trade myself part-time.
    I need to purchase a new or second hand van.
    This will be used for both PAYE and self-employed use.
    Can I claim this as a business expense?
    Does it matter if it is paid outright or financed through a loan?
    I’m a bit of a novice at this. I already owned my first van when I became self-employed so never claimed for it other than for diesel and maintenance, etc.
    I usually just submit my Form 11 myself online.

    Any advice would be appreciated
    Tagged:


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