[Stephen.C]

What is the most tax efficient way to buy a van. Thanks

[Frankybadboy]

are we talking new new,or second hand new

[Stephen.C]

Probably about a year old Frank.
Looking to replace around March.

[Ian Lancaster]

Leasing is the most tax efficient way - the van is never actually yours (though I had one on lease and after the end of the period I just had to pay a nominal amount, about £10 a year from memory - although technically I had to return the van to the leasing company when I'd finished with it, they didn't want it back ).

With leasing all payments are tax deductible as you are 'renting' the van as opposed to buying it.

I don't know if you can do it on used vans.

[MATT BATEMAN (OWC)]

With leasing all payments are tax deductible

What isn't tax deductible if you buy a van compared to lease it, that makes it more tax efficient?

[Pro-Smart]

What is the most tax efficient way to buy a van. Thanks

Hi Stephen,

If you've got yourself an accountant he'll be able to advise best as he'll see your total financial situation regarding write-down allowances, annual investment allowances etc.

If you haven't got one yet it would, in my opinion anyway, be well worth your time to find a local chap. If you shop around you should be able to find a qualified accountant who'll do your accounts and tax return for c. £120-£150 inc VAT. That's of course if you have kept pretty good records in the meantime!

Good luck with the van man!

Kev

[Stephen.C]

I do have a accountant, but a leasing company will not allow me to fit a system. They have said the van will be unsellable.

[dave0123]

What isn't tax deductible if you buy a van compared to lease it, that makes it more tax efficient?

Think its just 25% a year you can claim then and 100% on the interest if you have it on finance. as apposed to leasing if you pay £200 a month to lease all of that can be claimed.

[Pro-Smart]

I do have a accountant, but a leasing company will not allow me to fit a system. They have said the van will be unsellable.

That's odd - 'cos you can get a van fitted out with a system from Ionic and they do leasing packages as well. It must mean that some leasing companies will let you fit a system...

[Stephen.C]

I do have a accountant, but a leasing company will not allow me to fit a system. They have said the van will be unsellable.

That's odd - 'cos you can get a van fitted out with a system from Ionic and they do leasing packages as well. It must mean that some leasing companies will let you fit a system...

Yes I know the guy I was dealing with was a complete cock.