leased car

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August 18, 2020 at 6:16 am #580983
Noah098
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Dear Tutor,

Wanted to know if in case of a leased car with CO2 emissions exceeding 110g/km, apportionment for part year usage is done or not? as in if a AP is 12 months long and car leased 6months in the middle, then allowable deductions would be annual leasing cost x 6/12x 85%. is that right sir?
August 23, 2020 at 8:40 pm #581678
Tax Tutor
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The length of the AP is irrelevant – we simply disallow 15% of the cost for whatever length of AP it may be
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