Self Employed/Commercial Vehicle/Tax?

[SS90]

Hi, I'm self employed and thinking of getting a New Land Rover Defender 90 Hard Top, it's classed as a commercial vehicle and will be used for business use only. I'm not VAT registered. Just wondered where I stand with regards to tax am I correct In saying it's classed under Plants and Machinery in the Capital Allowance bracket and 100% of the vehicle value up to £25,000 can be offset against the business under the Annual Investment Allowance?

[sgrimshaw]

Part correct.

A van is classed as Plant and Machinery.

AIA was increased for two years from 1/1/13 to £250k, and "subject to legislation" will be increased to £500k from 6/4/14 to 31/12/15

Lots of info here

http://www.hmrc.gov.uk/capital-allowances/plant.ht...