Proving a motorbike is for business use

Proving a motorbike is for business use

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_Deano

Original Poster:

7,406 posts

254 months

Monday 23rd February 2015
quotequote all
I'm hoping that this will be a quick reply.
I've been asked by my accountant, that they want proof that a motorbike that i bought last year, is for business use, rather than personal. Essentially they have told me that the bike is a 100% tax write off and anything associated to the use of the bike, can also be used as a tax deduction.
The bike is used solely for commuting to and from a place of work (this was the reason for the purchase)and it states that in my insurance docs. But all the docs i have, is linked to me, rather than the business name.

So V5 log book is in my name, the insurance is in my name. Only the invoice, which was handwritten by the private seller, states that this bike was bought by me "on behalf of Company Name".

I'm sure that i've read that only an invoice needs to be in the company name, to prove that this is a business vehicle.
The V5 form, doesn't prove ownership, only who is responsible for taxing etc.

In addition to this bike, i do have another one, which is used for pleasure or for anything else that is not business related.

Any views on this?

Thanks

_Deano

Original Poster:

7,406 posts

254 months

Monday 23rd February 2015
quotequote all
mjb1 said:
Presumably not a regular place of work?
Well for now it is, whilst i'm working on this contract.

_Deano

Original Poster:

7,406 posts

254 months

Monday 23rd February 2015
quotequote all
Thanks Eric.
Does that also hold true, if my primary location for work is my limited company address (which happens to be home). And because i'm a contractor, i need to travel to the office of the client, because they want me on site?

Thanks