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” cost of running Richard’s motor car £4710.
cost of running a motor car used by the restaurant’s chef £2670.
Richard commenced in self-employment , running a restaurant. Richard’ motor car is used 70% for private journeys and the chef’s motor car is used 20% for private journeys.”I am confused about cost of running chef’s motor car, In my opinion, it should be calculated in AMA, so it is irrelevant in tax adj trading profit. But I am not sure about it.
Is the car used by the chef provided by the business or is it the chef’s own car?
it was purchased by company, so it belongs to company, I think the car used by chef(B.U%)is deductible, so we do not need to adjust it, while (private use )part should be a benefit to chef, so it is an irrelevant condition, Am I right?
There is no restriction in relation to the private use by an EMPLOYEE, we only restrict where private use is by the unincorporated trader himself / herself!
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