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Is it possible to contribute a light truck if it is used for both private and business purposes? But it is registered to a family member, is this still possible or does it have to be registered in the name of the sole proprietor?
Is it possible to contribute a light truck if it is used for both private and business purposes? But it is registered to a family member, is this still possible or does it have to be registered in the name of the sole proprietor?
Yes, you can include a light truck in your sole proprietorship for tax purposes, even if you use it for both private and business purposes. However, the owner must clearly belong to you (the business) for tax and legal purposes in order to deduct the costs. If the vehicle is registered in the name of a family member, you cannot include it directly in your business without legal or tax structures. You must first register it in the name of the sole proprietor or in your name as a self-employed person.
Okay, thank you!
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.