[Rob.Hall]

If you buy a second hand van for business use, how do you claim tax back on the tax return.
Do you claim aia, or can you claim a percentage back of the purchase value.
A bit confusing but I hope someone will understand 😕

[dazmond]

I used to put the whole price of the van through as one expense for that tax year when I used to buy cheap second hand vans for work...

Eg van £1200 (motor expenses)

[Simon Trapani]

I think it’s a capital allowance? I just leave it to the accountant.

[chris turner]

Put the whole purchase down as annual investment allowance. I have always bought used and done this. Although you have to bear in mind that depending on the cost of the van you may have no tax due that year but then essentially a double bill the year after with the payments on account! Currently dealing with this myself, 8k tax due in January.

[dazmond]

If you buy a second hand van for business use, how do you claim tax back on the tax return.
Do you claim aia, or can you claim a percentage back of the purchase value.
A bit confusing but I hope someone will understand 😕

If your van is just used for work I'd put the whole cost of the van through as a business expense for that tax year...

It doesn't get any simpler than that.