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Posted Tue, 17 Aug 2021 10:14:31 GMT by Chantall1
Good Afternoon, Can a self-employed person use mileage allowance for a bike if the bike is used purely for business purposes? How much is for one business miles? And if the Self employed person would like to buy a bike, can she/hi claim the capital allowances? Suggestions of legal acts on this subject are welcome. Thank you for any hints.
Posted Tue, 17 Aug 2021 10:57:08 GMT by HMRC Admin 24
Hi,

Yes, the cost of the bike can be claimed as an allowable expense.  

You can find the simplified mileage rate for the bike here:

Claim tax relief for your job expenses

Thank you.
Posted Tue, 17 Aug 2021 16:39:20 GMT by Indigo
This reply is a bit confusing. It implies that both Capital Allowances and mileage rates can be claimed at the same time. I understood that you can only claim one or the other.
Posted Wed, 18 Aug 2021 14:08:10 GMT by HMRC Admin 10
Hi Indigo

Sorry for the confusion.

Both options were given in case you preferred to do one or the other.

You are correct in the fact that you can either claim the milage or the cost of the bike itself and any associated costs.

Thankyou.

Regards.

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