Low emission cars and100 first year allowance

[insurance_jon]

As a higher rate tax payer, a petrolhead, and being self employed. I'm taking an interest in the tax benefits of running a more tax effecient car.

just been reading this http://www.hmrc.gov.uk/capital-allowances/plant.ht...

and it has got me wondering if I have this right. I could buy a nice, but <95g co2 car and claim 100% of the cost against my profits?

whats the catch?

Panamera/cayenne hybrids are looking attractive now

[ChrisSow]

No catch, I work at Lexus and the Ct200 falls into this category. Ends April next year so you've got until then to buy one, or PCP one as it's still a purchase and thus an asset of the company.

[insurance_jon]

it was my brother buying a ct200 that brought this to my attention.

is it definately stopping? only asking as the allowance appears to go up to 500k for 2015

[insurance_jon]

is there a max vehicle cost?

[ChrisSow]

www.gov.uk/.../capital_allowances_cars_with_low_ca...

According the to website it ends next year,.

[insurance_jon]

better crack on then

[Burrow01]

Does used one count?

Suddenly more interested in Cayennes....

[insurance_jon]

They have to be new, but they can be on finance