Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
I purchased an electric car in December 2019 and am paying for it with a loan.
How much can I claim for which parts of its use? (self-employed in secondary occupation since May 2022)
Can I still write it off at the moment or is this only possible if the purchase falls within the year of purchase?
That article specifically refers to a laptop, but I think it applies in much the same way to your car (even though the amounts will be much higher). vAT will not be allowed, but the cost will still be.
I used to work with an accountant (at the time with a company, which has since stopped trading and is now a sole proprietor with Dexxter) and I had to search second-hand sites to find items similar to the ones I still wanted in my company's accounts. It was a bit of everything at the time: a desk, an office chair, a laptop screen, etc. Based on the original purchase invoice I had from when I was still a private individual and based on the search results from the second-hand website, it was then entered in the accounts. To be clear, at the price of the search results on the second-hand website ;)
No vAT was recovered at the time, but okay, the cost was in my accounts, so that was something. So, if I understand it good, can I now depreciate my car for 5 years from the current second-hand price? Is this 100% or professional?
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
