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

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author

  • avatar
    • Topics: 1
    • Replies: 0

    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
    • Topics: 1
    • Replies: 364

    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
    • Topics: 0
    • Replies: 12

    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.

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.