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How to incorporate a previously privately owned and second-hand light goods vehicle into a new sole proprietor?

PC
2024-03-12

Question

How do I incorporate a previously privately owned and second-hand light goods vehicle into a new sole proprietor?

In 2019, I purchased a second-hand light goods vehicle. At the end of the previous year, I started working as a tree surgeon as a secondary occupation. This van, which I already owned, is now my company vehicle. I can roughly determine the current value of my van by comparing similar second-hand offers on the internet.  (Once the van has been included, I assume that all running costs can simply be entered . Road tax / garage costs / fuel, etc.)

First use the search function, as there are already many answers stated. The Learning Environment > Learning Center also provides an explanation on how to do this.

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You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

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