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Posted Tue, 31 Aug 2021 15:58:50 GMT by Ian Harden
Hi I run a business part time as also work full time. i do cash basis accounting and had to recently buy a new used car. In my main job, i now work from home and will only go into the office 1 day a week moving forward. i work for myself most nights, all friday and saturday. What % of the car purchase price can i put through my books this year? i paid £14000 for it and recently after 1 year on finance, paid it off.
Posted Wed, 01 Sep 2021 14:23:11 GMT by HMRC Admin 17

Hi,
 
You would apportion this based on the amount of use that is for business, e.g if you use it 40% business and 60% private
then the expense would need to be apportioned accordingly.

Guidance on the initial claim of the car can be found here and once this is done you can then apportion for business use:

Capital allowances and balancing charges (Self Assessment helpsheet HS252)     .

Thank you.

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