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Posted Thu, 17 Nov 2022 14:55:20 GMT by Katie Sambridge
Please can someone tell me if personal lease payments are tax deductible, if the car is used for business purposes? For example if I pay £2400 in the year on a personal finance lease and my business mileage on the car is 50% of total mileage, can I claim £1200 as an expense against my income? Thank you
Posted Mon, 21 Nov 2022 16:41:45 GMT by HMRC Admin 18
Hi,

This depends on what type of expenses you are claiming. See guidance at:

Expenses if you're self-employed

Thank you.

 

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