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UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: Big Dave @ CWC on October 01, 2008, 11:06:54 pm

Title: Can Van Insurance be offset against tax
Post by: Big Dave @ CWC on October 01, 2008, 11:06:54 pm

I've been doing my own Tax returns the last three years, just wondered after seeing a post about tax on this board,

i've been writing my van insurance down as an expense to be 100% deductable, am i really allowed to do this? or have i been taking the pxxs?

i used it 100% for work purposes, as i have a car for private use... ???

Dave

Title: Re: Can Van Insurance be offset against tax
Post by: mci services on October 01, 2008, 11:30:22 pm

hope so i do the same as far as i know a van is classed as plant and is 100% tax deductable same for the fuel

Title: Re: Can Van Insurance be offset against tax
Post by: Big Dave @ CWC on October 01, 2008, 11:34:13 pm

at least im not alone then, otherwise after investigation the taxman will asking for a cheque for three years insurance lol :o

Title: Re: Can Van Insurance be offset against tax
Post by: mci services on October 01, 2008, 11:43:39 pm

think its right if not i will be having words with business gateway as it was them that told me it was ok

Title: Re: Can Van Insurance be offset against tax
Post by: AuRavelling79 on October 02, 2008, 09:39:14 am

Van insurance yes - cars - proportionate to business use.

(But if the van is your only vehicle then you might want to consider a proportionate split between biz and private use - but the fact you use a van shows that it is primarily for biz. (and camping and mountain biking and surfing and sleeping in when you've had a row etc)

If you've two cars like we did (Me and Mrs Gold) and one is used for biz, the other for the family then that's easier to justify 100% of the car for biz.

Which is my longwinded way of saying that as you've got two vehicles you've got no problem.