CAPITAL ALLOWANCE

This topic contains 2 replies, has 3 voices, and was last updated by Avatar of kreggie kreggie 1 year, 5 months ago. This post has been viewed 24 times

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    a9289256
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    if A IS an employee,he buy a motor for business use,can it count capital allowance on income tax


    Avatar of Tax Tutor
    Tax Tutor
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    No, an employee can claim capital allowances for equipment that is necessarily provided for use in his employment but not on cars for which mileage allowances are instead available.


    Avatar of kreggie
    kreggie
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    I believe there is capital allowance on cars bought by the employer to be used in the business. Not on any car owned by the employee. The employee can claim mileage allowance on business mileage though.

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