Enhanced Capital Allowances

[despearate den]

I am aware that full 100% capital allowances are claimable on low emission cars and electric cars without the 12,000 restriction.

If i am employed and use my car for buisnees use are these alloowances available to me, adjusted for private use Say 90% b.u in first year and a lower amount thereafter.

[maths]

No i don't think so. CA for employees on car expenditure withdrawn effectve 6th April 2002. See 36 CAA 2001 substituted by FA 2001 section 59.

Authorised mileage allowances should be available.

james

[King_Maker]

From 2002-03 onwards, use of one's car for business purposes attracts a mileage allowance only.

The IR tax-free rates are 40p for the first 10,000 miles and 25p thereafter - irrespective of engine type or size.