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Ok thank you.
So if im on cash basis and put everything thru instead and its on finance can i claim:
Each months interest payments
I've searched for this everywhere and can't get a straight answer..
If I purchase a van on HP for £15,000 I pay a first payment of £300 then its £250 each month.
I will own the van at the end.
I use Cash Basis.
I will be using milage method.
No repairs, No tax, No Fuel etc... I understand.
Is they only thing I can claim for this van the Interest I pay each month and the 45p/25p milage I do ?
No AI and No Capital Allowance?
Or can i...
Claim £300 and the £250 I pay each month?
Milage at £45p etc..
Please help thank you.