Sidney C
Joined: 1/17/2022
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Car depreciation allowance
I changed my car, which I used almost exclusively for business use. The 6% WDA was applied throughout the time I had the car, resulting in its value for tax purposes of approximately £19400 when I traded it in. Because of the high mileage the best I could get for it was £5000. Am I able to set 6% of the £14400 loss against this tax year?