Can I claim 100% write down on a Used i3
Can I claim 100% write down on a Used i3
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forest172

Original Poster:

767 posts

236 months

Friday 13th April 2018
quotequote all
Been looking at buying a bmw i3 through the ltd company. Because it has less then 50 co2 emissions you're allowed to claim 100% against your corporation tax bill. But it states new which is about £35k

However at 12 months old they're about £10k cheaper. Does anybody know what happens then if you purchased through your company a used example

Edited by forest172 on Friday 13th April 19:17

JBM78

383 posts

210 months

Friday 13th April 2018
quotequote all
18% 'writing down allowance'.

So you get a deduction from your profits of 18% * purchase price in year 1

Then in year 2, 18% * the written down value brought forward from year 1

And so on


forest172

Original Poster:

767 posts

236 months

Friday 13th April 2018
quotequote all
Thanks for that. So not as attractive then from a tax saving point of view.

But I think I'd sooner save the £10k on the purchase price