Van Purchase expenses

Hi, As a sole trader I bought a van. It is my primary vehicle and I'm aware that the majority of my milage is considered personal as a commute, however I do regularly drive to other sites for site work or markets. I'm unclear on how I claim for the van if I'm not using simplified expenses. If I claim the purchase cost of the van do I claim only a portion as the business proportion? Or the whole cost as a capital allowance and then, for example, 20% of insurance/tax costs and relevant fuel for mileage? TIA

Hi,

You can find guidance here:

HS252 Capital allowances and balancing charges 2022

Thank you.

Thank you - I'm still not sure I understand fully though. Say the purchase price of the van was £8000. Can I claim it as a capital allowance for 100% of the cost? It doesn't fall into the lower emissions categories and is used for both business and personal miles. As a van does it count as plant and equipment rather than a business car? I'm also still unclear on how to calculate what is claimable for maintenance, fuel, insurance etc.

Hi,

As the van is used for both private and business use, you will need to work out hte percentage that is actually business. It is then this percentage of the cost that you can claim as the capital allowance. The van counts as plant and machinery. The same principle will apply for maintence, fuel etc

Thank you.