Hello, I am self-employed with a sole proprietor.
To carry out my work, I need a light goods vehicle.
I went to get a quotation yesterday, and the seller told me that a business lease (all-in) is more advantageous for self-employed people. (Here, maintenance, registration, insurance, tyres, etc. are included.)
What is your experience with this?
Regards,
Mattia
Hi Mattia,
Exactly what is more advantageous from a tax perspective will depend on the exact cost and your circumstances. If you buy a van, you will be able to write it off over 5 years and claim 100% of the cost. If you opt for leasing or renting, you will have to include this in your monthly accounts.
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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