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Capital allowances – Private use

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Capital allowances – Private use

  • This topic has 2 replies, 2 voices, and was last updated 12 years ago by atab.
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  • June 1, 2013 at 5:00 pm #128127
    atab
    Member
    • Topics: 82
    • Replies: 185
    • ☆☆☆

    Hi,

    Regarding private use of motor cars with respect to capital allowances, is the % of private use only deducted from allowances for individuals or for both individuals and companies please?

    Thanks!

    June 1, 2013 at 6:34 pm #128141
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Capital allowances are ONLY restricted for private use by the PROPRIETOR (owner) of an unincorporated trade!

    June 2, 2013 at 10:15 am #128218
    atab
    Member
    • Topics: 82
    • Replies: 185
    • ☆☆☆

    Thank you!

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