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  • Car Leasing allowable expenses as self-employed

    Evening all, I'm writing this thread to check my understanding. I have also scanned the threads I am self employed, non-VAT registered, running my own counselling business. I work from an office in my home as well as rent an office from which I conduct face to face counselling. I also use other premises from time to time. I would like to buy a small car for my business so that I may travel to my various places of work. Whether I lease or get a loan I'm looking for some clarity on allowable expenses using a cash basis? Is it simply that I calculate the fraction of business miles across the year and use the corresponding fraction of the lease or loan repayment as an allowable expense? Appreciate your time in reading and also answering - and happy to provide any further info as required. Thanks CK