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

Claiming business expenses on private car

mickdw · 2017-02-06 14:29:54

Ok so ive been claiming a small percentage business use on my current private car as Im self employed, sole trader. Current car capital cost qualifies to be claimed at a rate of 3000 per year for 8 years. Ive been doing that but at a small percentage for business. Similarly claiming for motoring running costs. Now I plan…

06-02-2017 2:29pm

#1

mickdw

Registered Users, Registered Users 2 Posts: 23,686 ✭✭✭✭

Join Date: December 2007

Posts: 23240

Ok so ive been claiming a small percentage business use on my current private car as Im self employed, sole trader.
Current car capital cost qualifies to be claimed at a rate of 3000 per year for 8 years. Ive been doing that but at a small percentage for business. Similarly claiming for motoring running costs.
Now I plan to buy a new / nearly new car in a suitable tax band that again allows this 3000 yearly claim.

Im just querying whether the financing method has an effect on this.
Should this be handled differently if on pcp versus traditional finance versus cash purchase?

Also, could someone clarify how balancing charges are worked out re disposing of old car and is there any issue in this regard re selling car privately.

0