Driver

Thanks for clarifying. Does that mean I have to claim the cost in full if I am preparing my accounts on the cash basis, or can I choose to claim an annual writing down allowance as it is general plant and machinery?

Can I confirm this? Your guidance implies something different. It implies that a dual control car is P&M, but is not a car - and therefore should be treated as if it were general plant and machinery.

Hi I wanted to clarify if a car bought with dual controls to be used for driving instruction should be claimed in full if I'm preparing my self employment trading accounts on the cash basis, or if the cost can be spread over several years through capital allowances? I know that typically I would be expected to expense in full, but that cars are an exception? Thanks

LITRG, which is the Low Incomes Tax Reform Group from the Chartered Institute of Taxation has written some handy guidance on this. It's written in a way that is easy to follow and is well worth a look. There's also a flowchart to help navigate how the rules affect you. https://www.litrg.org.uk/sites/default/files/240109%20OECD%20rules%20flowchart.pdf