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Posted Sun, 01 Sep 2024 21:43:07 GMT by JM0898
Hi, I purchased a Van three years ago for the 1st two years of being a sole trader, the van was used for work and personal journeys. Therefore I claimed 45p per mile on business usage. I've now purchased a car, so my van is used solely for business, can I now claim the initial purchase price of the van or it's current value as an expense on my next Self Assessment tax return?
Posted Wed, 11 Sep 2024 08:41:19 GMT by HMRC Admin 10 Response
Hi
No as you have already been using the simplified version to claim expenses.

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