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self-employed individuals

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › self-employed individuals

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Tax Tutor.
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  • August 25, 2020 at 4:47 am #581830
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    sir if a car with CO2 emissions>110g/km is leased by a self employed individual and 45% of the usage is private, then what amount is deductable from trading profit?

    August 25, 2020 at 3:48 pm #581949
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    You always disallow 15% in relation to the high emissions – you would then further adjust for any private use by the proprietor of an unincorporated trade

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