Please could I possibly ask for assistance with the following query.
A van with a WDV of £2,204 as at 5th April 2016 was used as part exchange at the end of June 2016 and valued at £800.
Please could I check how this should be reported on the 2016/17 Tax Return?
A new four year old Ford Transit van, primarily for business purposes, was purchased at the end of June for £13,142 with the previous vehicle used as part of the deal.
With regard to the new vehicle, this has been purchased via a finance deal over 60 months.
Can the Annual Investment Allowance be used in this situation?
Thank you.
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