CAPITAL ALLOWANCE

This topic has 2 replies, 3 voices, and was last updated 13 years ago by kreggie.

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October 8, 2012 at 4:32 am #54632
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
October 22, 2012 at 7:42 pm #105454
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.
November 14, 2012 at 9:59 am #105455
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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