Joined: 20/05/2019 10:13:22
self employment expenses
Can I put a car that I bought in February as expenses?
HMRC ADMIN 13
Joined: 09/03/2017 13:15:50
Re:self employment expenses
You cannot claim a car for use in your business as an expense, this will need to be claimed as a capital allowance.
Capital allowances on cars are restricted to the amount you can claim depending up on the CO2 emission rating.
You can find the guidance on how to work this out in our Capital Allowances and Balancing Charges helpsheet here:
Capital allowances and balancing charges: HS252 Self Assessment helpsheet