Low emission cars and100 first year allowance
Low emission cars and100 first year allowance
Author
Discussion

insurance_jon

Original Poster:

4,099 posts

277 months

Wednesday 15th October 2014
quotequote all
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

18 posts

163 months

Wednesday 15th October 2014
quotequote all
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

Original Poster:

4,099 posts

277 months

Wednesday 15th October 2014
quotequote all
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

Original Poster:

4,099 posts

277 months

Wednesday 15th October 2014
quotequote all
is there a max vehicle cost?

ChrisSow

18 posts

163 months

Wednesday 15th October 2014
quotequote all
www.gov.uk/.../capital_allowances_cars_with_low_ca...

According the to website it ends next year,.

insurance_jon

Original Poster:

4,099 posts

277 months

Wednesday 15th October 2014
quotequote all
better crack on then

Burrow01

1,986 posts

223 months

Wednesday 15th October 2014
quotequote all
Does used one count?

Suddenly more interested in Cayennes....

insurance_jon

Original Poster:

4,099 posts

277 months

Thursday 16th October 2014
quotequote all
They have to be new, but they can be on finance