Car Capital Allowance for Self Employed, is there a limit?
Car Capital Allowance for Self Employed, is there a limit?
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Discussion

Enut

Original Poster:

983 posts

97 months

Wednesday 26th April 2023
quotequote all
I'm looking at replacing my car that I use for work, I currently claim 70% of car costs and fuel for that car and a capital allowance however I can't find anywhere that states a maximum value for the capital allowance only how it is calculated (based on emissions), is there a limit?

Eric Mc

124,994 posts

289 months

Thursday 27th April 2023
quotequote all
No - you just claim the allowed percentage.

Capital Allowances on cars generally aren't very good. Commercial vehicles attract much better Capital Allowances.

Enut

Original Poster:

983 posts

97 months

Thursday 27th April 2023
quotequote all
Eric Mc said:
No - you just claim the allowed percentage.

Capital Allowances on cars generally aren't very good. Commercial vehicles attract much better Capital Allowances.
Many thanks for the confirmation, no to just wait for the new car!