If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

private car - self employed. query

mickdw · 2015-11-23 12:06:59

I'm self employed and each year claim a portion of car usage for business. I bought a new car in 08 and have been allowed 3000 per year x percentage business use against the capital cost of the car. Fair enough. Now I'm looking at a new car again. There would appear to be a silly loophole in the tax law regarding emissions…

23-11-2015 12:06pm

#1

mickdw

Registered Users, Registered Users 2 Posts: 23,688 ✭✭✭✭

Join Date: December 2007

Posts: 23242

I'm self employed and each year claim a portion of car usage for business.
I bought a new car in 08 and have been allowed 3000 per year x percentage business use against the capital cost of the car. Fair enough.
Now I'm looking at a new car again. There would appear to be a silly loophole in the tax law regarding emissions based cars.
I believed that I had to buy a band a, b or c car to avail of full allowance against capital cost of car - 24000 max (3000 per year)
While it is correct that a b or c is needed, it would appear from wording that the cost of the car doesn't come into it at all. ie if you buy any car within the top 3 bands, the full 24000 is available. This would appear crazy to me however one of the online tax return companies pay sites confirms this calculation.
Anyone shine abit of light on this?

0