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Posted Thu, 30 Jun 2022 08:53:40 GMT by CristinaW
I became self employed in 2017 and had a car I had purchased outright beforehand, so I claimed 45p per mile. My car was written off in an accident in Dec 2021 and I bought a second hand car in February 2022 for £4000 which I use roughly 80% for work purposes. I bought this car as a temporary measure whilst waiting for a lease car, which I will get at the end of July 2022 at which point I will sell the 2nd hand car. I wish to claim the actual expenses for the second hand car and then the new lease car. Questions: How much can I claim of the purchase of the 2nd hand car in the tax year 2021/22? How do I reconcile the sale of the 2nd hand car in the tax year 2022/23? Thank you
Posted Thu, 30 Jun 2022 14:26:31 GMT by HMRC Admin 26

Please refer to guidance at -

HS252 Capital allowances and balancing charges 2022 and

Claim capital allowances

Thank you.

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