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EV tax allowances

alfa_aficionado · 2024-03-08 15:10:15

Can someone give me a worked example of car allowances for the self employed? I currently have a 2yr old EV that I wish to change early. Lets say the original purchase price was €50k and it's now worth €30k. I want to buy another new EV at €50k (just keeping the numbers round so that the calculation is easier) What does…

08-03-2024 3:10pm

#1

alfa_aficionado

Registered Users, Registered Users 2 Posts: 175 ✭✭

Join Date: February 2010

Posts: 161

Can someone give me a worked example of car allowances for the self employed?
I currently have a 2yr old EV that I wish to change early. Lets say the original purchase price was €50k and it's now worth €30k. I want to buy another new EV at €50k (just keeping the numbers round so that the calculation is easier) What does this look like from a tax perspective? Could someone more knowledgeable show me some working examples - I know you can either deduct the full amount from tax in year 1 (but then what happens once the car is sold?) OR you can write down a specified percentage each year.

9.1kWp (5.6E/3.5W)

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