Advise on new van against tax ?

[J.Hargreaves]

Looking at a new van how would this go against tax , or how would it benefit my company !

 

[ched999uk]

Best to ask an accountant as we have no idea on your status - ltd, sole, etc or profit levels.
They might tell you that it's more tax efficient to lease but only they can give you proper advice tailored to you.

 

[spruce]

Looking at a new van how would this go against tax , or how would it benefit my company !

Agree with @ched999uk response. You could also contact your local tax office and pop in to see them.

 

[Part Timer]

Looking at a new van how would this go against tax , or how would it benefit my company !

When you say "new" are you talking new to you or brand new

 

[P4dstar]

When you say "new" are you talking new to you or brand new

Fair question, my accountant gave me some spiel about how my Transporter was claimable at 120% or something. Made no difference to me. I believe it makes a difference to corporation tax through capital gains.

 

[ched999uk]

Fair question, my accountant gave me some spiel about how my Transporter was claimable at 120% or something. Made no difference to me. I believe it makes a difference to corporation tax through capital gains.

I seem to remember the 120% was something post covid about capital expenditure relief. Not sure it's still at 120% now.

 

[P4dstar]

I seem to remember the 120% was something post covid about capital expenditure relief. Not sure it's still at 120% now.

No idea. They always have something going on. Doesn’t make much of a difference to us as individuals either way.