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UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: James Styles on May 10, 2019, 03:07:30 pm

Title: Question about tax
Post by: James Styles on May 10, 2019, 03:07:30 pm

I was wondering if I decided to get a van in a few months to help with my business if I can claim it as an expense on my tax return next year along with fuel, spotless water, equipment etc

Title: Re: Question about tax
Post by: ֍Winp®oClean֍ on May 10, 2019, 03:13:43 pm

Yes. You can claim in whole under Annual investment allowance. You claim for the percentage of "business use". I wouldn't advise claiming 100%, 95% max.

Title: Re: Question about tax
Post by: High-Tower on May 10, 2019, 03:15:31 pm

Yes you can claim, but depends how/what you buy.

https://www.gov.uk/expenses-if-youre-self-employed/travel (https://www.gov.uk/expenses-if-youre-self-employed/travel)

Title: Re: Question about tax
Post by: Cookie on May 10, 2019, 05:40:48 pm

I purchased a two year old van last tax year and I'm going 80/20 (80% business use & 20% personal use). It's not only the van purchase price that's 80/20 it's also the van insurance, fuel, breakdown cover, repairs, MOT etc... etc... I'm putting the van down as a capital allowance on my tax return.

Title: Re: Question about tax
Post by: Stoots on May 10, 2019, 07:40:19 pm

Yes.

but you might be better off buying it personally and claiming the 45p a mile.

would depend on a lot of factors including depreciation, finance costs, mileage, servicing etc etc but worth doing the maths.

I have one van i own personally and claim the mileage and a truck i bought through my company (i am ltd though)

Ask your accountant if you have one, although that said id rather do the math myself mines not very helpfull