Hi folks,
I have decided for a change to complete and submit my tax return early!
I submit my own self assessment tax return.
My query is... I bought a commercial vehicle for £12000 and I am presuming that this comes under capital allowances? I checked out box 3.8 on the booklet that came with the tax return and it suggests that if you use cash basis to work out income/expenses then you can only claim capital allowances for 'cars'?? I bought the van for my business so I can only presume that 'cars' covers vans as well??
It could be a silly query but I just need confirmation.
Thanks as always.
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