Hello,
I started a secondary occupation in June 2023.
I would like to enter our car as an investment.
We purchased the car on 28/04/2021. Can/may I still depreciate it for 5 year?
The car cost €27,000. Can I enter this purchase price?
And how much per kilometre can I enter for my mileage log?
Thank you!
If you are going to drive it for another 5 years, I believe you can depreciate it over 5 years. You will need to determine a professional use percentage for both professional and private use. You then enter all expenses for this car according to the same professional use percentage. As a self-employed person, you can decide for yourself what amount per kilometre you invoice to your customer. Google can help you with this (I think it's currently around €0.4269/km).
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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