Pickup Truck purchase and hmrc

[Yogi1872]

I was thinking of getting one when I got rid of my van, I crashed the van though and was kind of in a hurry to get something quick as insurance didn't give me a courtesy vehicle. The claims still on going and it happened the 10th of December.

I put mines through ad 80% buisness use and 20% personal. I got rid of my car as it wasn't getting used as I was always using the van. So a pick up might be a good in-between.

I'd need to look into the maintenance cost side of things properly to see if it was worth it first, properly break it all down.

 

[dazmond]

I always claim 100% of van expenses(fuel,servicing,MOT,RFL,insurance, etc).obviously as its leased I claim 100% of the rental every month too.in fact I've just got mine serviced today and had new brake pads fitted all around....of course I'm going to put the £314.76 bill as a business expense!

I do have a separate vehicle though for leisure.

 

[Iron Giant]

Very good point ???

You need to get your partner driving ASAP

 

[JohnDoeWindows]

You need to get your partner driving ASAP

I do, however it wouldn't actually benefit me all that much as there's not a cat in hells chance im getting in a car with her behind the wheel or being in the vicinity for that matter

 

[Deleted member 5762]

I've been consider changing vehicle from a van to a pickup for a while now for various reasons.

I know a few here manage quite well with this setup.

My question is, is it possible to claim for the vehicle for capital allowance or plant and machinery for expenses? It's a bit of a minefield for me and wondered if any would mind sharing what they have been able to claim. Unfortunately I couldn't afford a new pickup, it would be about 2016 year so a used vehicle using a loan.

I understand the running expenses side of things but it's the purchasing the vehicle side im more interested in.

Thanks very much in advance for any pointers.

@Stratf01 there's a fella near me that uses a pickup for work and loves it. Not sure how easy it is to prove it's solely for work use, but his is sign written and also has these little plastic leaflet holders on the rigid canopy. People can then take a leaflet wherever he's parked up. It looks really good and definitely like a business vehicle. He likes the fact he can move his equipment in and out easily (although his tank is about 200 litres I think so it's not very overloaded or anything). He swaps the tank out sometimes so he can take a big gutter vacuum.

 

[Stratf01]

I always claim 100% of van expenses(fuel,servicing,MOT,RFL,insurance, etc).obviously as its leased I claim 100% of the rental every month too.in fact I've just got mine serviced today and had new brake pads fitted all around....of course I'm going to put the £314.76 bill as a business expense!

I do have a separate vehicle though for leisure.

That's really interesting mate.
So when it comes to leasing a vehicle you can potentially claim 100% of rental each month rather than the 18% annual depreciation thing for purchasing?

 

[Iron Giant]

@Stratf01 there's a fella near me that uses a pickup for work and loves it. Not sure how easy it is to prove it's solely for work use, but his is sign written and also has these little plastic leaflet holders on the rigid canopy. People can then take a leaflet wherever he's parked up. It looks really good and definitely like a business vehicle. He likes the fact he can move his equipment in and out easily (although his tank is about 200 litres I think so it's not very overloaded or anything). He swaps the tank out sometimes so he can take a big gutter vacuum.

200 litres is nothing though, this has been discussed in this post Working out of a pick up they are impractical for a full-time window cleaner who also wants to use it on a weekend been there done that wouldn't have another one unless I was loaded and just used it on a weekend

 

[Truckcab79]

I always claim 100% of van expenses(fuel,servicing,MOT,RFL,insurance, etc).obviously as its leased I claim 100% of the rental every month too.in fact I've just got mine serviced today and had new brake pads fitted all around....of course I'm going to put the £314.76 bill as a business expense!

I do have a separate vehicle though for leisure.

I do the same and also claim a small amount against the car as it’s used for estimates / client visits. ?. Same principle as claiming for part of my home as an office. ?

 

[Deleted member 5762]

200 litres is nothing though, this has been discussed in this post Working out of a pick up they are impractical for a full-time window cleaner who also wants to use it on a weekend been there done that wouldn't have another one unless I was loaded and just used it on a weekend

@Stratf01 I had a check and he has a 350 litre tank. Don't know if that's enough water for you or not but seems pretty decent.

 

[Part Timer]

HMRC are changing the tax rules for crew cab pick ups and vans so I would be asking an Accountant for advice

 

[dazmond]

That's really interesting mate.
So when it comes to leasing a vehicle you can potentially claim 100% of rental each month rather than the 18% annual depreciation thing for purchasing?

Yes!?

 

[spruce]

HMRC are changing the tax rules for crew cab pick ups and vans so I would be asking an Accountant for advice

That's interesting. I know 4 of my customers now have double cabs as the benefit in kind tax is a killer on an ordinary company car.

 

[Part Timer]

That's interesting. I know 4 of my customers now have double cabs as the benefit in kind tax is a killer on an ordinary company car.

I think if they have them now then the tax doesn't change
It only applies to vehicles ordered after June I think

 

[dazmond]

If your in the FSB you can find all the info you ll need about new rules and regulations before you buy another vehicle

 

[spruce]

I think if they have them now then the tax doesn't change
It only applies to vehicles ordered after June I think