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100% FYA

This topic has 1 reply, 2 voices, and was last updated 3 years ago by Tax Tutor.

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November 13, 2021 at 6:30 am #640518
vivek1980
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the first year allowance on cars is not apportioned for “time” but can we apportion it if it is part self use?
November 17, 2021 at 10:59 am #640857
Tax Tutor
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The FYA is never time apportioned – as you rightly say – but if an asset has private use by the OWNER of the business (only in income tax therefore!) then ANY available allowances will be restricted to the business use proportion.
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