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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › CAPITAL ALLOWANCE
if A IS an employee,he buy a motor for business use,can it count capital allowance on income tax
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.
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.