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Posted Fri, 04 Oct 2024 14:25:24 GMT by BlackWolf125
I am self employed as a personal trainer and I have bought a car on finance, returnable after 4 years. I use this car for 75% of it's use as business mileage. Can I claim 75% of my monthly finance payments against my self assessment? I've read the pages on Capital Allowances but I don't quite understand whether I can or can't.
Posted Mon, 14 Oct 2024 14:53:17 GMT by HMRC Admin 18 Response
Hi,

You would be able to claim a percentage of the finance cost as an expense against business use.  Have a look at

Expenses if you're self-employed

If you buy the vehicle, so that you own it, via hire purchase for example, then you could consider capital allowances:

Claim capital allowances

Thank you.

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