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Can a car that you are still paying off and that was purchased several years before you started as a sole proprietor be claimed as an expense?
Can a car that you are still paying off and that was purchased several years before you started as a sole proprietor be claimed as an expense?
I am not an accountant, but you will probably have to write it off at a certain residual value and set a term for this.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.