Capital allowance for company cars
Discussion
I'm trying to work out if it is beneficial to buy cars through the company or personally.
What is confusing is the mention of 100% capital allowance in the first year, then depreciation yearly.
If you buy a £60k car and your profits are £60k do you effectively pay no CT? Or have I misunderstood.
What is confusing is the mention of 100% capital allowance in the first year, then depreciation yearly.
If you buy a £60k car and your profits are £60k do you effectively pay no CT? Or have I misunderstood.
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