I read online that the purchases of an electric bicycle for sole proprietors is 120% deductible for the first two years and 100% deductible for the third year, regardless of any private use. Is this also the case if you are exempted from VAT?
How do I best enter this in Dexxter?
Hello,
It's a bit more reading, because the answer is also a bit more complex :)
You will indeed find many articles stating that an electric bicycle (or an electric scooter, for example) can be 100% deducted in the accounts, even if there is some private use. However, you need to be careful, because this only applies to:
1) Either companies -> regardless of who the purchases are for, for the director themselves or for employees of the company
2) Or sole proprietors -> but then only for employees of the sole proprietor
</
If an electric bicycle is purchased for the entrepreneur themselves and from a sole proprietor, then (unfortunately) you always have to limit it in terms of professional use. However, this nuance is sometimes lost in the literature that can be found online, because they talk very subtly about 'the manager', 'the director', 'employees', etc. In that context, which actually refers to a company (regardless of who it is for) or collaborators from a sole proprietor, it may indeed be 100% in the accounts. Even if the actual professional use is considerably less than 100%.
But if it is the entrepreneur himself through his sole proprietor, then you just have to look at the professional use and limit it accordingly.
Alright, that is indeed a bit confusing, but thank you for the clear explanation!
Kind regards,
Jerome
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
.svg){kind=small}
