First year allowance

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September 23, 2018 at 11:58 pm #475614
pipacs
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Can FYA be claimed for 100% of the cost even if the asset (eg low emission car) has personal use? If not then how do I calculate the allowance? Many thanks
September 25, 2018 at 10:17 pm #475737
Tax Tutor
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For personal use to be an issue then it must be personal use by the proprietor / owner of an unincorporated trade – in which case the FYA available would again be based on the business use %
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